Publications: The Petroleum Economics Monthly

A Lesson in Disruption: The New Economics of Global Oil and Gas (May 2017)


This issue of The Petroleum Economics Monthly updates the November 2014 PEM titled "ManuFRACturing Fossil Fuels: Implications for Oil Prices." That report chronicled the development of fracking as a source of incremental natural gas and crude oil supply. The discussion focused on fracking as a disruptive technology. The report also introduced the term "manufracturing." Here we suggest that the current surge in US oil production will be even larger than the prior one. Furthermore, the current expansion of Manufracturing appears far less vulnerable to low prices than the earlier rise. For more details, download or open the attached report summary.