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Oil

US oil boom boosts GDP, but are high prices needed to avoid a recession?

Agriculture | Energy | Coal | Electric Power | Natural Gas | Oil | Metals | Petrochemicals | Shipping

2020 US Elections

Electric Power

Platts Forward Curves – Gas and Power

Oil | Crude Oil | Coronavirus | Energy Transition | Macroeconomics

37th Asia Pacific Petroleum (APPEC 2021)

Electricity | Coal | Emissions | Electric Power | Renewables | Natural Gas | Metals | Steel

US hikes climate targets; cites international, market momentum in face of policy divide

Oil

Fuel for Thought: Energy security omens returning to haunt oil market

Listen: US oil boom boosts GDP, but are high prices needed to avoid a recession?

On this week's Platts Capitol Crude, we look at the impact of the US shale boom on the US economy as the Trump administration continues to push the narrative that a recession is not imminent.

Mine Yucel and Michael Plante with the Federal Reserve Bank of Dallas call in to talk about the impact of US shale growth on GDP and how the correlation between oil prices and US economic health has changed.

Yucel and Plante wrote the paper "The US Shale Oil Boom, the Oil Export Ban, and the Economy: A General Equilibrium Analysis," which claims that US light oil output caused a 1% jump in GDP.