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HYDRAULIC FRACTURING, NATURAL GAS EXTRACTION AND OIL PRICE

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Material Information

Title:
HYDRAULIC FRACTURING, NATURAL GAS EXTRACTION AND OIL PRICE
Physical Description:
Book
Language:
English
Creator:
Henderson, Daniel L.
Publisher:
New College of Florida
Place of Publication:
Sarasota, Fla.
Publication Date:

Thesis/Dissertation Information

Degree:
Bachelor's ( B.A.)
Degree Grantor:
New College of Florida
Degree Divisions:
Social Sciences
Area of Concentration:
Economics
Faculty Sponsor:
Khemraj, Tarron

Subjects

Genre:
bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, territorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract:
Following the development of novel hydraulic fracturing techniques, the price of natural gas has fallen significantly relative to the price of crude oil. A number of past studies found that the prices of natural gas and crude oil are linked. The tie between the prices of the two commodities is largely due to the fact that these fossil fuels are substitutes in consumption. This thesis uses an empirical technique called an error correction model, a form of regression analysis, to estimate the extent to which the prices of natural gas and crude oil remain linked following the influx of large supplies of low cost natural gas. While high volatility in the prices of oil and gas and a relatively short sampling period preclude any strong conclusions, the findings of the analysis suggest that, although the price of natural gas has fallen persistently relative to the price of crude oil following the move to hydraulic fracturing, the prices remain cointegrated: linked together even as they drift apart. This link suggests that substitution between crude oil and natural gas may still connect the prices of these commodities.
Statement of Responsibility:
by Henderson, Daniel L.
Thesis:
Thesis (B.A.) -- New College of Florida, 2014
General Note:
RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography:
Includes bibliographical references.
General Note:
This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
General Note:
Faculty Sponsor: Khemraj, Tarron

Record Information

Source Institution:
New College of Florida
Holding Location:
New College of Florida
Rights Management:
Applicable rights reserved.
Resource Identifier:
Classification:
S.T. 2014 H4
System ID:
AA00024749:00001

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