Shale Oil and Gas: The Contrarian View
By Robert U. Ayres, Sandoz (Novartis) Professor of Economics and Technology Management, Emeritus

No one is questioning the fact that we have either reached or will soon reach “peak oil”; that existing fields are being depleted at the rapid rate of 7 percent a year, and that the search is on for “unconventional oil” as alternative forms of energy are slow to reach critical mass.

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Shale Gas: Hype or Hope?

A two-thirds plunge in U.S. natural gas prices thanks to soaring output of shale gas has given a boost to U.S. industry that is now being felt in the rest of the world. The impact in terms of competition threatens to be particularly strong in...

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Russia’s Invisible Economy

It’s not all about exporting natural resources to the developed world. Russia has a vibrant network of SMEs operating under the radar screen, fuelling growth.

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  • Shale Gas and the Environment

    The recent shift in energy generation towards shale gas is likely to have an important impact on greenhouse gas emissions and therefore on global warming. However, whether this impact will be positive or negative is much debated.

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  • Transatlantic Trade: A Chance to Get it Right?

    As hopes for a global trade agreement fade, the U.S. and EU are eager to draw closer. Could the time have come to tackle trade barriers and technical differences once and for all?

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  • Doha Still the Best Way to Go

    In the absence of agreement on the Doha round of trade talks, Asia has embarked on a host of bilateral and region-to-region trading arrangements which have increased trade complexity. A global deal is safer.

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  • The Wisdom of Default

    Germany’s support for the euro has thus far been consistent but behind the united façade, there are signs of cracks in Chancellor Angela Merkel’s united CDU party. Some members are even mentioning the “D” word when it comes to countries such as...

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  • Finding Growth at the Base of the Pyramid

    As competition in emerging economies intensifies, multinationals are searching for new growth opportunities. Could the poorest of the poor hold the key?

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  • China: No Demise in Sight

    Just because China’s GDP growth has slipped a bit doesn’t mean its growth story is over. There are still a billion people waiting to be served and budding emerging market multinationals are eager to oblige.

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