• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Handelshøyskolen BI
  • Student papers
  • Master of Science
  • View Item
  •   Home
  • Handelshøyskolen BI
  • Student papers
  • Master of Science
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

The U.S Shale Oil Boom: The Impact of U.S. Supply Shocks on the Global Oil Price

Gundersen, Thomas Størdal; Plosnić, Nils B. Løchen
Master thesis
Thumbnail
View/Open
MSc0742020.pdf (5.422Mb)
URI
http://hdl.handle.net/11250/2444406
Date
2016
Metadata
Show full item record
Collections
  • Master of Science [963]
Abstract
We examine the role of the U.S. shale oil boom in driving global oil prices. We

give a brief discussion of the recent developments in the oil markets, paying

special attention to the U.S. shale oil boom. We estimate a series of SVAR

models which identify supply-related shocks from the U.S. and use a constructed

U.S. imports variable which only reflects the state of domestic supply. Our

results suggest that the U.S. has indeed exerted considerable negative pressure

on the price. More specifically, we find that the U.S. explains up to 15.54%

of its variation, considerably more than what has been found in other studies.

However, this pressure on prices did not manifest itself until 2015. This delay

implies a temporary friction in the transmission of U.S. supply shocks which

we theorise is caused by incompatible processing facilities in the downstream

supply chain.
Description
Masteroppgave(MSc) in Master of Science in Business, Economics - Handelshøyskolen BI, 2016
Publisher
BI Norwegian Business School

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit