[PDF.22ee] The Outlook for U.S. Production of Shale Oil
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The Outlook for U.S. Production of Shale Oil
Congressional Budget Office
[PDF.ev30] The Outlook for U.S. Production of Shale Oil
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| #7594012 in Books | 2016-07-11 | Original language:English | 11.00 x.8 x8.50l,.24 | File type: PDF | 34 pages|
This paper models the production of energy from shale resources and examines the outlook for that production. Four key regions account for most U.S. oil from shale. Drilling activity in those regions is modeled as operating along an elastic supply curve, which has drifted down over time as mining productivity has improved. The elastic response of production to prices is gradual, making production insensitive to prices in the short run but quite sensitive within two to th...
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