The impact of the fracking boom on Arab oil producers
Author
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2017, Issue 1075-1171 (31 Dec. 2017), pp.1-33, 33 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2017-12-31
Country of Publication
Egypt
No. of Pages
33
Main Subjects
Topics
Abstract EN
This paper makes four contributions.
First, it investigates the extent to which the U.S.
fracking boom has caused Arab oil exports to decline since late 2008.
Second, the paper quantifies for the first time by how much the U.S.
fracking boom has lowered the global price of oil.
Using a novel econometric methodology, it is shown that in mid-2014, for example, the Brent price of crude oil was lower by $10 than it would have been in the absence of the fracking boom.
Third, the paper provides evidence that the decline in Saudi net foreign assets between mid-2014 and August 2015 would have been reduced by 27% in the absence of the fracking boom.
Finally, the paper discusses the policy choices faced by Saudi Arabia and other Arab oil producers
American Psychological Association (APA)
Kilian, Lutz. 2017. The impact of the fracking boom on Arab oil producers. Economic Research Forum : Working Paper Series،Vol. 2017, no. 1075-1171, pp.1-33.
https://search.emarefa.net/detail/BIM-784501
Modern Language Association (MLA)
Kilian, Lutz. The impact of the fracking boom on Arab oil producers. Economic Research Forum : Working Paper Series No. 1075-1171 (Dec. 2017), pp.1-33.
https://search.emarefa.net/detail/BIM-784501
American Medical Association (AMA)
Kilian, Lutz. The impact of the fracking boom on Arab oil producers. Economic Research Forum : Working Paper Series. 2017. Vol. 2017, no. 1075-1171, pp.1-33.
https://search.emarefa.net/detail/BIM-784501
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 19-33
Record ID
BIM-784501