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How the Tight Oil Boom Has Changed Oil and Gasoline Markets

Kilian, Lutz - 2017

Starting in late 2008, the U.S. production of tight oil surged, causing a renaissance in the U.S. oil sector that few industry analysts had anticipated. This tight oil boom reduced the dependence of the United States on petroleum imports and allowed it to become a major exporter of gasoline and...

Persistent link: https://www.econbiz.de/10012960095

OPEC, Shale Oil, and Global Warming - On the Importance of the Order of Extraction

Benchekroun, Hassan - 2018

We show that OPEC's market power contributes to global warming by enabling producers of relatively expensive and dirty oil to start producing before OPEC reserves are depleted. We fully characterize the equilibrium of a cartel-fringe model and use a calibration to examine the importance of this...

Persistent link: https://www.econbiz.de/10012930279

Forecastability and Statistical Characteristics of Aggregate Oil and Gas Investments on the Norwegian Continental Shelf

Lorentzen, Sindre - 2016

We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian Continental Shelf (NCS). A unique and detailed dataset containing data from 109 different fields on the NCS between 1970 and 2015 was employed. A set of 1080 autoregressive distributed...

Persistent link: https://www.econbiz.de/10012979540

Cost Performance on the Norwegian Continental Shelf

Lorentzen, Sindre - 2016

The oil and gas sector plays a crucial role in the Norwegian economy. It accounts for a very large proportion of gross domestic product, government revenues, investment and exports. A sharp fall in oil prices has had a significant impact on the economy and focused great attention on the cost...

Persistent link: https://www.econbiz.de/10012978380

Do Land Markets Anticipate Regulatory Change? Evidence from Canadian Conservation Policy

Bošković, Branko - 2016

Regulation often evolves, and affected consumers or firms may adjust their behavior in anticipation of potential … changes to regulation. Using shifting land use regulation boundaries and oil lease prices from Canada, we estimate the effect … unregulated leases. Based on our estimates, not accounting for anticipation underestimates the total cost of the regulation by …

Persistent link: https://www.econbiz.de/10012986277

The Cost of Endangered Species Protection : Evidence from Auctions for Natural Resources

Bošković, Branko - 2016

This paper examines the effect that endangered species regulation has on natural resource development. Specifically, we … use data from competitive auctions to estimate the effect that land-use regulation protecting endangered caribou in the … design to evaluate how prices differ along regulation boundaries that constrain resource development. The auction format and …

Persistent link: https://www.econbiz.de/10012987389

Rig Rates and Drilling Speed : Reinforcing Effects

Osmundsen, Petter - 2016

This paper studies how drilling costs are affected by the business cycle. We decompose the major elements in these costs – rig rates and drilling speed – and examine how they interact with variations in oil prices. A highly relevant consideration in the current circumstances is whether oil...

Persistent link: https://www.econbiz.de/10012989032

The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices

Kilian, Lutz - 2021

This article examines how the shale oil revolution has shaped the evolution of U.S. crude oil and gasoline prices. It puts the evolution of shale oil production into historical perspective, highlights uncertainties about future shale oil production, and cautions against the view that the U.S....

Persistent link: https://www.econbiz.de/10013315512

The Effect of Oil Spills on Infant Mortality : Evidence from Nigeria

Bruederle, Anna - 2017

Oil spills can lead to irreversible environmental degradation and pose hazards to human health. We are the first to study the causal effects of onshore oil spills on neonatal and infant mortality rates. We use spatial data from the Nigerian Oil Spill Monitor and the Demographic and Health...

Persistent link: https://www.econbiz.de/10012946853

Leading the Unwilling : Unilateral Strategies to Prevent Arctic Oil Exploration

Leroux, Justin - 2017

Arctic oil extraction is inconsistent with the 2°C target. We study unilateral strategies by climate-concerned Arctic countries to deter extraction by others. Contradicting common theoretical assumptions about climate-change mitigation, our setting is one where countries may fundamentally...

Persistent link: https://www.econbiz.de/10012947525

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