Belu Mănescu Cristiana and Nuño Galo
Titre Ouvrage:Quantitative effects of the shale oil revolution
Édition:European Central Bank, Working Paper Series n°1855, September
The impact of the so-called «shale oil revolution» on oil prices and economic growth ; most of the expected increase in US oil supply due to the shale oil revolution has already been incorporated into prices and it will produce an additional increase of 0.2 percent in the GDP of oil importers in the period 2010-2018 ; the collapse in oil prices in the second half of 2014 was mainly due to positive unanticipated supply shocks.
Available in PDF format: https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp%201855.en.pdf