U.S. Oil Production: The Effect of Low Oil Prices. Special Report

摘要

The report contains a review of the effect of volatile oil prices on U.S. domestic oil production. It presents an analysis conducted by the Office of Technology Assessment, Congress of the United States, (OTA) of a group of factors believed to strongly influence the future direction of U.S. oil production. These factors include the expected profitability of new investments in drilling, the potential of new oil exploration, development, and production technologies, the nature of the remaining oil resource base, and structural changes in the oil industry. The special report also provides a brief discussion of some policy options for Congress to consider if it decides to moderate the expected accelerated decline in U.S. oil production.