As of late 2008, the steady decline of U.S. crude oil production over the last decades was reversed by the increased adoption of the hydraulic fracturing ("fracking") technology. Adapting the supply-side model proposed by Kaufmann et al. (2004) to assess OPEC’s ability to influence real oil...

Hydraulic fracking generated unexpected shale oil and gas booms. After these booms, voter support for Republicans rises, leading Republicans to win seats from Democrats. Roll-call voting by House members becomes more conservative after shale across issues extending beyond energy or the economy....

Starting in late 2008, the U.S. production of tight oil surged, causing a renaissance in the U.S. oil sector that few industry analysts had anticipated. This tight oil boom reduced the dependence of the United States on petroleum imports and allowed it to become a major exporter of gasoline and...

This paper estimates the effect of increased shale gas drilling on mortgage defaults in Pennsylvania. Utilizing the underlying geologic properties of the land as instrumental variables and the sudden viability of shale gas mining arising from technological innovations in hydraulic fracturing in...

Several studies note the significant quantity of water used to hydraulically fracture oil and gas wells. For nine western states in 2013, water use in fracking represented just 0.8 percent of agricultural water use for irrigation. Locally, fracking used more water than farming only in counties...

This article examines how the shale oil revolution has shaped the evolution of U.S. crude oil and gasoline prices. It puts the evolution of shale oil production into historical perspective, highlights uncertainties about future shale oil production, and cautions against the view that the U.S....

This paper finds that increased hydraulic fracturing, or "fracking", along the Marcellus Formation in Pennsylvania had a significant, negative effect on mortgage credit risk. Controlling for potential endogeneity bias by utilizing the underlying geologic properties of the land as instrumental...

Extracting natural gas from shale formations can create local economic benefits such as public revenues but also disamenities such as truck traffic, both of which change over time. We study how shale gas development affected zip code level housing values in Texas' Barnett Shale, which splits the...

The United States is in the midst of a boom in natural gas and oil production, much of which has occurred in shale formations around the country. As shale development has expanded — largely as a result of new horizontal drilling and “slickwater” hydraulic fracturing (fracking, fracing, or...

This brief explores the business and global implications of the American shale energy, or natural gas, revolution. Specifically, it provides a rational, comprehensive look at the major business themes and management implications that surround the new abundance of natural gas in the United States...

Deutschland hat nicht unerhebliche Mengen an unkonventionellen Erdgasreserven, die in tiefen Lagen in Schiefergestein gebunden sind. Die Diskussion um die Frage, ob diese beachtlichen Reserven durch moderne Bohr- und Fördertechniken (sogenanntes Hydraulic Fracturing (Fracking)) gehoben werden...

This article examines how the shale oil revolution has shaped the evolution of U.S. crude oil and gasoline prices. It puts the evolution of shale oil production into historical perspective, highlights uncertainties about future shale oil production, and cautions against the view that the U.S....

Due to the recent drop in oil prices, there is a strong interest in the influence of the shale revolution on the global supply and demand of hydrocarbon fuels. Consequently, the attention of many economists and industry analysts is drawn to the technological, institutional and regulatory aspects...

[Einleitung] Chancen und Risiken der Gewinnung von Erdgas oder -öl aus unkonventionellen Lagerstätten und das dabei zum Einsatz kommende Verfahren des Hydraulic Fracturing (Fracking, deutsch: aufbrechen) werden derzeit in der Politik und Öffentlichkeit intensiv diskutiert. Als...

US shale gas production is generally expected to continue its fast rise. However, a cautious evaluation is needed. Shale gas resource estimates are potentially overoptimistic and it is uncertain to which extent they can be produced economically. Moreover, the adverse environmental effects of...