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The Outlook for U.S. Production of Shale Oil: Working Paper 2016-01

Author

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  • Mark Lasky

Abstract

This paper describes an approach to modeling U.S. production of energy from shale resources and the outlook for that production. Production is insensitive to the price of oil in the short run but quite responsive within two to three years.

Suggested Citation

  • Mark Lasky, 2016. "The Outlook for U.S. Production of Shale Oil: Working Paper 2016-01," Working Papers 51599, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:51599
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    File URL: https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/workingpaper/51599-workingpaper_2016-01.pdf
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    Citations

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    Cited by:

    1. Daniel Santabárbara, 2017. "The oil market: recent developments and outlook," Economic Bulletin, Banco de España, issue SEP.
    2. Takuji Fueki & Jouchi Nakajima & Shinsuke Ohyama & Yoichiro Tamanyu, 2021. "Identifying oil price shocks and their consequences: The role of expectations in the crude oil market," International Finance, Wiley Blackwell, vol. 24(1), pages 53-76, April.
    3. Daniel Santabárbara, 2017. "Evolución reciente y perspectivas del mercado de petróleo," Boletín Económico, Banco de España, issue SEP.
    4. Shakya, Shishir & Li, Bingxin & Etienne, Xiaoli, 2022. "Shale revolution, oil and gas prices, and drilling activities in the United States," Energy Economics, Elsevier, vol. 108(C).

    More about this item

    JEL classification:

    • L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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