This brief essay reviews the macro framework of oil and economy in Mexico in the early days of the oil industry, from 1900 to 1938. The first section displays the figures of production at the world level and shows how Mexico become a major oil producer in the 1920s. The second section look at...

The spot price of crude oil declined from $106.07 per barrel on June 30, 2014 to $53.45 per barrel on December 31, 2014, representing a 50% decline within six months. By December 31, 2015, the spot price had declined further, to $37.13, and it remains substantially below its level during 2011...

This study analyzes the economic impact of oil and natural gas development in the Permian Basin with a focus on the NM part of the Basin. The analysis looks at the impacts on state revenue, local employment and income levels. Several existing economic impact reports from other states have been...

Evaluating the economic benefits of tight oil resources is necessary for China to increase its tight oil production and reserves. This study systematically analyzes the uncertainties in tight oil development in China, the factors affecting the tight oil economy, and the coevolution of the...

I exploit the geographic distribution of oil and gas resources to estimate how oil and gas jobs affect college enrollment and later life work outcomes. In the short term, a one standard deviation (equivalent to around 25 percentage points) rise in oil and gas labour share leads to a 1.7-2.8...

Introduction -- The dark before the dawn -- An oil and gas renaissance -- Economic impact -- The demand side of the ledger -- Regional and sectoral effects -- Environmental costs and benefits -- Trade policy considerations -- Conclusions