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    • Abbreviated Title: J. Econ. Bus. Manag.
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    • DOI: 10.18178/JOEBM
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HOME > Archive > 2024 > Volume 12 Number 1 (2024) >
JOEBM 2024 Vol.12(1): 74-82
DOI: 10.18178/joebm.2024.12.1.779

A Comparative Examination of the Shale Industry Development Indices in the United States and China

Zaid Zuhaira 1,*, Hayder Dhahir Mohammed 2, Jizu Li 1, and Israa Hasan Eissa 3
1. College of Economics and Management, Taiyuan University of Technology, Taiyuan, China
2. Department of Oil and Gas Economics, Imam Ja’afar Al-sadiq University, Iraq
3. School of Law, Xi’an Jiaotong University, Xian, China
Email: zaidzuhaira@outlook.com (Z.Z.); Phd.hayderd.mohammed@gmail.com (H.D.M.); lijizu@tyut.edu.cn (J.L.); Israahasaneissa@outlook.com (I.H.E.)
*Corresponding author

Manuscript received September 27, 2023; revised November 6, 2023; accepted December 1, 2023; published March 14, 2024.

Abstract—To maintain economic growth, nations explore new energy sources for energy independence. The US initiated the shale oil and gas revolution, leading to self-sufficiency and exports oil and gas. This prompted China to emulate the US to meet gas needs and reduce pollution by replacing coal with shale gas. However, transferring an economic experiment depends on various factors. This study compares the American and Chinese experiences, highlighting that in China, government control provides environmental benefits but may slow production growth. In the US, private companies contribute to energy security, but the government lacks authority over production during price hikes. Factors such as geological complexity and R&D spending are crucial in developing the shale gas industry, influencing its future in China.

Keywords—shale industry, energy, greenhouse gas, geology

Cite: Zaid Zuhaira, Hayder Dhahir Mohammed, Jizu Li, and Israa Hasan Eissa, "A Comparative Examination of the Shale Industry Development Indices in the United States and China," Journal of Economics, Business and Management, vol. 12, no. 1, pp. 74-82, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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