America’s Emerging Petro Economy Flips the Impact of Oil

View on The Wall Street Journal website

Date

Feb. 21, 2018

News Type

Media Highlight

Source

The Wall Street Journal

"Indeed, a recent study by Richard Newell, president of the think tank Resources For the Future, and Brian Prest of Duke University finds shale output rises nine times as much as conventional output for a given price rise, for two reasons: More wells are drilled, and each well is far more productive. (That advantage declines over time, as shale wells are exhausted more quickly.)"

Topics

Related People

Richard G. Newell

President and CEO, Resources for the Future

Dr. Richard G. Newell is the President and CEO of Resources for the Future. From 2009 to 2011, he served as the administrator of the US Energy Information Administration, the agency responsible for official US government energy statistics and analysis.

Brian C. Prest

Fellow; Director, Social Cost of Carbon Initiative

Brian Prest is an economist and fellow at Resources for the Future specializing in climate change, oil and gas, and energy economics.

Related Content

Common Resources — Apr 18, 2024

Assessing China’s New Nationwide Effort to Reduce Carbon Dioxide Emissions

China has implemented the world’s largest emissions trading system in an effort to reduce national greenhouse gas emissions. New research assesses the system’s benefits, costs, and effectiveness.

Common Resources — Apr 17, 2024

After the Pause: Understanding the Economic, Environmental, and Geopolitical Implications of Increased US Liquefied Natural Gas Exports

As the Biden administration temporarily pauses approvals for building new export facilities that transport liquefied natural gas, we’ve assembled a primer on the national and global implications of the US increasing exports of this important fuel.

Resources Radio — Apr 16, 2024

Toward a More Sustainable Plastics Economy, with Fernando Vidal

Fernando Vidal discusses the carbon footprint of plastics and potential technological and policy options to reduce the negative environmental impacts of the global plastics economy.

Resources Radio — Apr 9, 2024

How Surging Demand Is Shaping the US Power Sector, with Brad Harris

Brad Harris discusses the growing demand for electricity in the United States, the industries that are driving this growth in demand, and how utilities and policymakers can mitigate the greenhouse gas emissions that result from higher energy use.