The Domino Effect: How the Shale Revolution Is Transforming Energy Markets, Industries and Economies.

• Author: Kaya, Salihe
• Position: Book review

The Domino Effect: How the Shale Revolution Is Transforming Energy Markets, Industries and Economies

By E. Russell Braziel

NTA Press, 2016, 309 pages, $19,95, ISBN: 9780692503010

Because of the U.S.' long history as an oil importer, its economy has suffered for many years due to oil price hikes stemming from oil supply shocks. The "shale revolution" promoted enormous oil and gas production and its development has increased the production of oil and natural gas resources abundantly in the U.S. The discovery of domestic energy resources has reduced U.S. dependence on imported energy and has made the U.S. an export country. Taking into consideration the latest developments, the U.S., which has begun to export energy resources, is expected to cause major changes in global energy markets.

The Domino Effect, How the Shale Revolution is Transforming Energy Markets, Industries and Economies describes the emergence of the shale revolution, provides a framework for understanding what will happen next, and offers an explanation of how shale will continue to drive the energy industry in the coming decades in the U.S. and throughout the world. Russell Braziel provides a simple and concise definition of the domino effect when considered within the context of the shale revolution. According to him, the domino effect shows how energy industries are being shaped by, and how they are in turn shaping, the shale revolution.

The Domino Effect is a valuable book that contributes a better understanding of shale energy markets: prices, flows, infrastructure, value, and economics. It provides a critical examination of the response of those markets since the beginning of the shale revolution. It also proposes a framework for understanding what will happen after the revolution, and an elucidation of how shale will continue to drive the energy industry in the coming decades in the U.S. and throughout the world.

A best-seller on Amazon, The Domino Effect examines the transformative effects of the shale revolution. Having shaped the world energy market for many years, the shale gas discovered in the U.S. in the recent years has enhanced the market. The U.S., long the world's most important importer of natural resources, has turned into an exporting country in recent years. Within this context, the book focuses on the shale revolution in the U.S. as it highlights a different perspective on shale gas.

The theme of this book is based upon a simple concept, intended to help...