Dr. Shishir Shakya’s “Shale Revolution, Oil and Gas Prices, and Drilling Activities in the United States” paper is accepted in Energy Economics journal. He and his coauthors investigate the interplay between energy prices and drilling activities in the United States and how this relationship has evolved due to the shale revolution. They hypothesize 1) there exists significant information spillover between drilling activities and energy prices; 2) the amount of information transmitted between drilling activities and energy prices has increased since the shale boom; 3) natural gas market is increasingly important information transmitter since the rise of unconventional oil and gas production. Using connectedness indexes constructed based on vector autoregressive models and data from 1997 to 2019, they find support for all three hypotheses.
April 26, 2022
Ahmed Rashed named affiliate with the Large Hadron Electron Collider at the High Luminosity Large Hadron Collider
September 11, 2020
February 9, 2022
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