This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through...

Chapter 1 Analysis on the Structural Changes in the Global Oil and Gas Industry and Its Trend -- Chapter 2 The Development and Implication of Nature Gas Market in the Context of the Shale Revolution -- Chapter 3 The Development and Implication of Crude Oil Market in the Context of the Shale...

Introduction and Overview -- Part 1: A history of mistrust and struggle: -- Oil and geopolitics in the 1970s and 1980s -- OPEC and the Roaring 1990s -- The 2000s: The Boom and Bust Cycles -- Part 2: OPEC and the New Reality -- A false dawn: Myths and Realities of OPEC’s power -- Technology and...

This book answers the following questions: How will the global oil and gas market change in the next decade? How does the United States become the world's biggest oil and gas producer? What is the current condition of China's Shale Industry and energy security? Is hydraulic fracturing and...