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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...
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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/10010442532
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/10011417696
As of late 2008, the steady decline of U.S. crude oil production over the last decades was reversed by the increased adoption of the hydraulic fracturing ("fracking") technology. Adapting the supply-side model proposed by Kaufmann et al. (2004) to assess OPEC’s ability to influence real oil...
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Die amerikanische Schieferrevolution hat tiefgreifende Folgen für die globalen Energiemärkte. Sie lässt die USA zum … Energiesicherheit gewinnen die USA an Handlungsoptionen in ihrer Politik gegenüber den Golfstaaten. Bei den dortigen Regimen herrscht … Schritt zeichnet sich bislang zwar nicht ab, doch Europa muss sich auf eine stärkere Lastenteilung mit den USA einstellen …
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