Oil price cycles can be relatively long, but the time needed for research, development, and widespread adoption of important oilfield technologies can be even longer. Econometric analysis shows that U.S. upstream research and development efforts track oil price movements with a delay, but that...

The goal of this paper is to examine whether the volatility of the growth in the US oil stocks has changed overtime, and if it has then whether or not this change is real. We find that the growth in volatility of oil stocks has declined overtime. We conduct a Monte Carlo simulation exercise to...

Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...