Some observers have conjectured that the steep decline in the price of oil between June and December 2014 resulted from positive oil supply shocks in the second half of 2014. Others have suggested that a major shock to oil price expectations occurred when in late November 2014 OPEC announced...

Some observers have conjectured that oil supply shocks in the United States and in other countries are behind the plunge in the price of oil since June 2014. Others have suggested that a major shock to oil price expectations occurred when in late November 2014 OPEC announced that it would...

"This work brings data together in a study of the future of global oil production and its implications. An examination of U.S. capacity is followed by a look at the production futures of each of the major oil-producing regions: Western Europe, Mexico and Canada, South and Central America, Asia,...