Publications: Notes at the Margin

Too Much of a Good Thing? (June 30, 2014)


The individuals and firms that explore for oil and gas tend to go overboard and then often go bankrupt, particularly in the United States. Because of this tendency, the US oil boom may be coming to a sudden, probably messy end. The signs are there now. Under current circumstances, we may see a production decrease while world crude prices remain high. Our report provides the details and discusses the implications.


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