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Oil, US empire, and the Middle East -- The road to the oil shock -- Pursuing petrodollar interdependence -- The triangle to the Nile -- The petrodollar economy -- Visions of petrodollar promise and peril -- Reform and revolt -- Revolution and invasions -- Recoveries and crises -- End of an era.
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We examine production from horizontal wells in the Bakken Shale since April of 2015. We find evidence of rapid technological progress, geographic heterogeneity within the play, interference across wells that diminishes production, and that this source of supply is more price-elastic than...
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