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Supply Effects on Oil Markets

Casey Given Intermediate Economics Prof. Leah Brooks Tuesday, October 21st Ripped from the Headlines “Saudi Arabia Still Calling the Shots” by Robert Rapier. Supply Effects on Oil Markets. The US Shale Gas Boom.

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Supply Effects on Oil Markets

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  1. Casey Given Intermediate Economics Prof. Leah Brooks Tuesday, October 21st Ripped from the Headlines “Saudi Arabia Still Calling the Shots” by Robert Rapier Supply Effects on Oil Markets

  2. The US Shale Gas Boom • US oil production has increased by 3.22 million barrels per day over the past 5 years • Global oil production increased by 3.85 bpd over the same period, making theUS responsible for83.6% of the globalincrease over thepast 5 years

  3. Saudi Arabia’s Option I

  4. Saudi Arabia’s Option II

  5. Saudi Arabia’s Option III

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