The Mutual Effects Of The World Oil Prices And The Quantities Of The American Oil And Shale Gas Produced For The Period 2002 -2016

Abstract

After the global prices of crude oil exceeded 100 dollars per barrel, the motivation has risen among investors to seek for alternative sources, hence the opportunity of oil field and shale gas found attention and increased in the number of platforms exploration and development of drilling and extraction technology, reflecting on global prices to retreat thus emerged the necessity of researching on this subject, where a mutual effect between the increase in production of shale oil, gas and global oil prices one of the most significant topics raised on the global economy, both by investors and decision-makers, or by academics and researchers. The research has assumed the existence of a tradeoff between the global crude oil prices and the quantities produced from US shale oil and gas, the study reached the conclusion of a relationship of one sided between prices and quantities produced from US shale oil.