The U. S. fracking boom: Impact on oil prices

dc.contributor.author	Frondel, Manuel
dc.contributor.author	Horvath, Marco
dc.date.accessioned	2018-07-31T14:08:06Z
dc.date.available	2018-07-31T14:08:06Z
dc.date.issued	2018
dc.description.abstract	As of late 2008, the steady decline of U. S. crude oil production over the last decades was reversed by the increased adoption of the hydraulic fracturing (“fracking”) technology. Adapting the supply-side model proposed by Kaufmann et al. (2004) to assess OPEC’s ability to inﬂuence real oil prices, this paper investigates the effect of the increase in U. S. oil production due to fracking on world oil prices. Among our key results obtained from (dynamic) OLS estimations, there is a statistically signiﬁcant negative long-run relationship between increased U.S. oil production and oil prices.	en
dc.identifier.uri	http://hdl.handle.net/2003/37078
dc.identifier.uri	http://dx.doi.org/10.17877/DE290R-19075
dc.language.iso	en	de
dc.relation.ispartofseries	Discussion Paper / SFB823;16/2018	en
dc.subject	dynamic OLS	en
dc.subject	error correction model	en
dc.subject	shale oil	en
dc.subject.ddc	310
dc.subject.ddc	330
dc.subject.ddc	620
dc.subject.rswk	Erdölpreis	de
dc.subject.rswk	Fracking	de
dc.subject.rswk	Methode der kleinsten Quadrate	de
dc.subject.rswk	Fehlerkorrekturmodell	de
dc.title	The U. S. fracking boom: Impact on oil prices	en
dc.type	Text	de
dc.type.publicationtype	workingPaper	de
dcterms.accessRights	open access
eldorado.secondarypublication	false	de

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