According to a study by the Baker Institute Center for Energy Studies, companies drilled 28 percent fewer oil wells in January across the U.S. than they did last June, in response to lower oil prices. Jim Krane, the Wallace S. Wilson Fellow for Energy Studies and lead author of the study, is quoted.
Read the report, "Effects of Low Oil Prices on U.S. Shale Production: OPEC Calls the Tune and Shale Swings," published Feb. 11, 2015.
Read the full article in the Feb. 11, 2015, Wall Street Journal (subscription required).
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