Oil and gas lease negotiations provide mineral owners the opportunity to negotiate for both compensation and auxiliary … indicate that oil and gas firms simultaneously make concessions by raising compensation and approving clauses, but these …

impacts of conventional and unconventional forms of oil and gas development (OGD) given its long history of conventional OGD …

This paper explores the connections between the shift of world saving toward OPEC and the changing structure of U ….S. trade with the non-oil developing countries. The basic point of the paper is that during the 1970s the U.S. economy has … of world saving toward OPEC in the 1970s effectively internationalized the supply of saving, as OPEC places its surplus …

-cost production units, conditional on a fixed aggregate quantity. We rely on rich micro-data covering the global market for crude oil …, from 1970 to 2014, to quantify the extent of productive misallocation attributable to market power exerted by the OPEC. We …

We use a new micro data set to estimate a stochastic industry-equilibrium model of the oil industry. This effort is a … first step towards studying the importance of ongoing structural changes in the oil market in a general-equilibrium model of … the world economy. We analyze the impact of the advent of fracking on the volatility of oil prices. Our model predicts a …