This paper studies how monetary policy should respond to news about an oil discovery, using a workhorse New Keynesian … oil revenues by appreciating the terms of trade, creating “Dutch disease” and a deflationary bias which is overcome by …

discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilfield discoveries also have …

empirically, using exogenous geological variation in the location of subsurface oil in the Southern United States. I find that oil … manufacturing sector. During the 1940s and 1950s, oil abundant counties enjoyed per capita income that was 20-30 percent higher than … other nearby counties, and their workforce was better educated. But whereas in 1940 oil production crowded out agriculture …

empirically, using exogenous geological variation in the location of subsurface oil in the Southern United States. I find that oil … manufacturing sector. During the 1940s and 1950s, oil abundant counties enjoyed per capita income that was 20-30 percent higher than … other nearby counties, and their workforce was better educated. But whereas in 1940 oil production crowded out agriculture …

This paper estimates the effect of the shale oil and gas boom in the United States on local economic outcomes. The main … effects from resource extraction. Every oil- and gas sector job creates about 2.17 other jobs. Personal incomes increase by 8 …% in counties with at least one unconventional oil or gas well. The resource boom translates into an overall increase in …

The paper recounts the history of Saudi Arabia's first national oil company, Petromin, which was originally supposed to … organisation of the Saudi oil sector today is very different from - and more efficient than - that of most other oil exporters in … the developing world. The paper concludes with a tentative taxonomy of national oil companies, based on the circumstances …