Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry
Aaron Flaaen and
Maria D. Tito
FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)
Why have large declines in oil prices and in the rig count not triggered a more dramatic decline in production? At what price level would a large share of U.S. shale oil production lose economic viability?
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