The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (15 download)

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Book Synopsis The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy by : Nida Çakir Melek

Download or read book The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy written by Nida Çakir Melek and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of the U.S. shale oil boom in a two-country DSGE model where countries produce crude oil, refined oil products, and a non-oil good. The model incorporates different types of crude oil that are imperfect substitutes for each other as inputs into the refining sector. The model is calibrated to match oil market and macroeconomic data for the U.S. and the rest of the world (ROW). We investigate the implications of a significant increase in U.S. light crude oil production similar to the shale oil boom. Consistent with the data, our model predicts that light oil prices decline, U.S. imports of light oil fall dramatically, and light oil crowds out the use of medium crude by U.S. refiners. In addition, fuel prices fall and U.S. GDP rises. We then use our model to examine the potential implications of the former U.S. crude oil export ban. The model predicts that the ban was a binding constraint in 2013 through 2015. We find that the distortions introduced by the policy are greatest in the refining sector. Light oil prices become artificially low in the U.S., and U.S. refineries produce inefficiently high amount of refined products, but the impact on refined product prices and GDP are negligible.

The Lifting of the Oil Export Ban in the US and Its Effects on the Oil Market

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Lifting of the Oil Export Ban in the US and Its Effects on the Oil Market by : Sungjin Kim

Download or read book The Lifting of the Oil Export Ban in the US and Its Effects on the Oil Market written by Sungjin Kim and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The US set an oil export ban after the Iranian crisis in the 1970s due to energy security issues. Since US oil production has been continuously diminishing, there had not been many issues until recently. However, after the hydraulic fracturing technology was introduced to development of shale in the US from the 2000s, this led to a revival of energy production named the 'shale revolution' or 'energy renaissance' for the abundance of oil and gas supply in the US.The abundance of the oil and gas supply has offered great prospects to the US industry revival. However, many oil producers and experts pointed that this prospect may not be fully realized had the oil ban continuously existed. The oil ban had created a lower domestic oil price (WTI) compared to international oil price standards (Brent), which discouraged oil producers to continuously invest in the shale development. Also, because the existing refineries in US had not been configured for the light tight oil produced by shale development, this contributed to a bigger cause to end the export ban. After several discussions, both political parties agreed to lift the ban at the end of 2015.In this paper, we will first look into the history of the oil ban, its creation and recent changes. Next, we will look into the new shale revolution and how it eventually caused to lift the oil export ban in US. We will then look into the prospect theories of how the lift of ban would effect the oil market internationally, and the current reality. We will also look into which countries would be the best options for exporting US oil, and what kind of obstacles must be overcome (specifically in Asia). Finally, we will look into the prospects of US oil production and exports based on the current oil market situation.

The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices by : Lutz Kilian

Download or read book The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices written by Lutz Kilian and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. may become the next Saudi Arabia. It then reviews the role of the ban on U.S. crude oil exports, of capacity constraints in refining and transporting crude oil, of differences in the quality of conventional and unconventional crude oil, and of the recent regional fragmentation of the global market for crude oil for the determination of U.S. oil and gasoline prices. It discusses the reasons for the persistent wedge between U.S. crude oil prices and global crude oil prices in recent years and for the fact that domestic oil prices below global levels need not translate to lower U.S. gasoline prices. It explains why the shale oil revolution unlike the shale gas revolution is unlikely to stimulate a boom in oil-intensive manufacturing industries. It also explores the implications of shale oil production for the transmission of oil price shocks to the U.S. economy

The Crude Oil Export Ban: Helpful Or Hurtful

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ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Crude Oil Export Ban: Helpful Or Hurtful by : United States. Congress. House. Committee on Foreign Affairs. Subcommittee on Terrorism, Nonproliferation, and Trade

Download or read book The Crude Oil Export Ban: Helpful Or Hurtful written by United States. Congress. House. Committee on Foreign Affairs. Subcommittee on Terrorism, Nonproliferation, and Trade and published by . This book was released on 2015 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Myths of the Oil Boom

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Publisher : Oxford University Press
ISBN 13 : 0190212705
Total Pages : 273 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Myths of the Oil Boom by : Steve A. Yetiv

Download or read book Myths of the Oil Boom written by Steve A. Yetiv and published by Oxford University Press. This book was released on 2015-03-18 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last decade has seen a far-reaching revolution in the oil industry, both in the US and globally. By some measures, America is on pace to become the world's biggest oil producer, an outcome that was inconceivable just a few years ago. But what does this shift really mean for American and global security? In Myths of the Oil Boom, Steve A. Yetiv, an award-winning expert on the geopolitics of oil, takes stock of our new era of heightened petroleum production and sets out to demolish both the old myths and misconceptions about oil and the new ones that are quickly proliferating. As he explains, increased production in the US will not lead to a major reduction in longer term oil prices, even if it has contributed to their precipitous fall in the short run. America will not intervene less in the Persian Gulf just because it is producing more oil domestically. Saudi Arabia is less willing or able to play global gas pump to the world economy than in the past. Building an electric car industry does not mean that consumers will buy in, but neither is it true that a broad shift toward eco-friendly cars will have very little impact on greenhouse gas emissions. Most importantly, raising the level of domestic production will never solve America's energy and strategic problems, and it may in fact worsen climate change unless it is accompanied by a serious national and global strategy to decrease oil consumption. While Yetiv takes on these and a number of other misconceptions in this panoramic account, this is not just an exercise in myth-busting; it's also a comprehensive overview of the global geopolitics of oil and America's energy future, cross-cutting some of the biggest economic and security issues in world affairs. Accessibly written and sharply argued, Myths of the Oil Boom will reframe our understanding of the most politicized commodity in the world.

Lifting the US Crude Oil Export Ban : A Numerical Partial-equilibrium Analysis

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (118 download)

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Book Synopsis Lifting the US Crude Oil Export Ban : A Numerical Partial-equilibrium Analysis by : Lissy Langer

Download or read book Lifting the US Crude Oil Export Ban : A Numerical Partial-equilibrium Analysis written by Lissy Langer and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Shale Boom, Shale Bust

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Publisher :
ISBN 13 : 9780996489706
Total Pages : 124 pages
Book Rating : 4.4/5 (897 download)

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Book Synopsis Shale Boom, Shale Bust by : Dan Dicker

Download or read book Shale Boom, Shale Bust written by Dan Dicker and published by . This book was released on 2015-06-07 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just about everyone has heard something about the 'revolution' in shale oil. Hydraulic fracturing (fracking) of rock formations unique to the United States offers the promise of cheap and abundant energy, terrific economic growth and jobs - lots of jobs. But in 2014, something went terribly wrong with this rosy scenario of "Saudi America": A unexpected collapse in the price of oil that's bankrupting the oil patch, destroying jobs and threatening any plans of a renewable energy future. What happened? Why has this miracle 'revolution' generated so many losers and so few winners? Why isn't the United States any closer to energy independence than it was before oil from shale was even imagined? What can be done to put the markets and the industry right so that shale can deliver on even some of what's been promised?

Crude Volatility

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Publisher : Columbia University Press
ISBN 13 : 0231543689
Total Pages : 336 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Crude Volatility by : Robert McNally

Download or read book Crude Volatility written by Robert McNally and published by Columbia University Press. This book was released on 2017-01-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

The Permian Oil Boom

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Publisher : Independently Published
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.4/5 (595 download)

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Book Synopsis The Permian Oil Boom by : Grady Hulstine

Download or read book The Permian Oil Boom written by Grady Hulstine and published by Independently Published. This book was released on 2021-08-18 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do you leverage an oil boom and a hydrocarbon-rich environment for decades ahead? This time it must be done with mindfulness--and not let the opportunity go to waste. Across the decades, as conventional oil resources in the U.S. slowly decline, and unconventional sources take their place, U.S. energy consumers are being given a respite from potentially higher and crippling oil prices. This boom should be different. It marks a pivotal time in energy and economic policy for the U.S. In this book, you will discover: - Rediscovering the Permian Basin - Setting the Stage - Working the Mega Basin - The Indies Rise Up - Smaller Players Contribute Too - Economics and Shale Oil Fundamentals - Of Geopolitics and U.S. Oil And so much more! Scroll up and click the "Buy now with 1-Click" button to get your copy now!

The Impact Of Shale Oil

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Publisher : Independently Published
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.4/5 (595 download)

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Book Synopsis The Impact Of Shale Oil by : Many Riggleman

Download or read book The Impact Of Shale Oil written by Many Riggleman and published by Independently Published. This book was released on 2021-08-18 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do you leverage an oil boom and a hydrocarbon-rich environment for decades ahead? This time it must be done with mindfulness--and not let the opportunity go to waste. Across the decades, as conventional oil resources in the U.S. slowly decline, and unconventional sources take their place, U.S. energy consumers are being given a respite from potentially higher and crippling oil prices. This boom should be different. It marks a pivotal time in energy and economic policy for the U.S. In this book, you will discover: - Rediscovering the Permian Basin - Setting the Stage - Working the Mega Basin - The Indies Rise Up - Smaller Players Contribute Too - Economics and Shale Oil Fundamentals - Of Geopolitics and U.S. Oil And so much more! Scroll up and click the "Buy now with 1-Click" button to get your copy now!

The Shale Oil Boom and the U.S. Economy

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Publisher :
ISBN 13 : 9788283791099
Total Pages : pages
Book Rating : 4.7/5 (91 download)

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Book Synopsis The Shale Oil Boom and the U.S. Economy by : Hilde Christiane Bjørnland

Download or read book The Shale Oil Boom and the U.S. Economy written by Hilde Christiane Bjørnland and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze if the transmission of oil price shocks on the U.S. economy has changed with the shale oil boom. To do so, we put forward a framework that allows for spillovers between industries and learning by doing (LBD) over time. We identify these spillovers using a time-varying parameter factor-augmented vector autoregressive (VAR) model with both state level and country level data. In contrast to previous results, we find considerable changes in the way oil price shocks are transmitted to the U.S economy: there are now positive spillovers to non-oil investment, employment and production from an increase in the oil price - effcts that were not present before the shale oil boom.

The Future of Shale: The US Story and Its Implications

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis The Future of Shale: The US Story and Its Implications by :

Download or read book The Future of Shale: The US Story and Its Implications written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Saudi America

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Publisher : Trustees of Columbia Univ - City of New York
ISBN 13 : 9780999745441
Total Pages : 0 pages
Book Rating : 4.7/5 (454 download)

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Book Synopsis Saudi America by : Bethany McLean

Download or read book Saudi America written by Bethany McLean and published by Trustees of Columbia Univ - City of New York. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Argues that obtaining energy through the hydraulic fracturing of shale rock is based on unstable economic foundations, and is having much more destructive effects on the economy and the government of the United States than its advocates claim"--

Energy and Diplomacy

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Publisher :
ISBN 13 :
Total Pages : 276 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Energy and Diplomacy by : I. P. Khosla

Download or read book Energy and Diplomacy written by I. P. Khosla and published by . This book was released on 2005 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed articles presented at a seminar in 2005 on natural gas pipeline imports in India.

The Price of Oil

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Publisher : Cambridge University Press
ISBN 13 : 1107110017
Total Pages : 253 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis The Price of Oil by : Roberto F. Aguilera

Download or read book The Price of Oil written by Roberto F. Aguilera and published by Cambridge University Press. This book was released on 2016 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why oil prices rose so spectacularly in the past and examines how they will be suppressed in the future.

Oil and Gas Exploration and Production

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Publisher : Editions TECHNIP
ISBN 13 : 2710809753
Total Pages : 328 pages
Book Rating : 4.7/5 (18 download)

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Book Synopsis Oil and Gas Exploration and Production by : Nadine Bret-Rouzaut

Download or read book Oil and Gas Exploration and Production written by Nadine Bret-Rouzaut and published by Editions TECHNIP. This book was released on 2011 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: With contributions by D. Babusiaux (IFP Energies nouvelles), S. Barreau (IFP Energies nouvelles), P.-R. Bauquis (Total), N. Bret-Rouzaut (IFP Energies nouvelles), A. Chétrit (Total), P. Copinschi (IFP Energies nouvelles), J.-P. Favennec (IFP Energies nouvelles), R. Festor (Total), E. Feuillet-Midrier (IFP Energies nouvelles), M. Grossin (Total), D. Guirauden (Beicip), V. Lepez (Total), P. Sigonney (Total) et M. Valette (Total). The first edition of this book has been selected for inclusion in Choice’s annual Outstanding Academic titles list. It has been rewarded for its excellence in scholarship and presentation, the significance of its contribution to the field, and its value as important treatment of the subject. The steps that lead to the production of oil and gas are diverse, complex and costly. They are diverse because the detection of oil and gas involves input from many specialties, ranging from geology to reservoir engineering. They are complex, as shown by the development of the job of the petroleum architect, who coordinates all the operations. They are costly, as the investments for exploration and production represent more than half of all investments in the oil and gas sector. Moreover, exploration is a risky activity, both from the technical and financial viewpoint: only one well in five produces marketable oil. Meanwhile, the areas for exploration and production are spread throughout the world. This book provides a complete overview of the stakes and challenges involved in oil and gas exploration and production. Following a historical review and a survey of the markets, the technical phases are covered, as are the evaluation of reserves, the estimation of investments and costs, the decision-making and control processes, and the accounting, legal and contractual environment for these activities. The book concludes with a discussion of the role of safety, and of environmental and ethical issues. This work, which is designed for readers concerned with the various aspects of the oil and gas upstream sector, is accessible to all. This second edition takes into account the huge changes in the oil and gas industry, particularly the large increases in oil prices, investments and costs observed since the first edition. This book is available in French under the title "Recherche et production du pétrole et du gaz". Contents : 1. Petroleum: a strategic product. 2. Oil and gas exploration and production. 3. Hydrocarbon reserves. 4. Investments and costs. 5. Legal, fiscal and contractual framework. 6. Decision-making on exploration and production. 7. Information, accounting and competition analysis. 8. Health, safety, the environment, ethics. Bibliography. Glossary. Index.

21st Century Energy Markets

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Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis 21st Century Energy Markets by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power

Download or read book 21st Century Energy Markets written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power and published by . This book was released on 2015 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: