Proceedings IJCIEOM ľ International Joint Conference on Industrial Engineering and Operations Management


ICIEOM2020_FULL_0006_37243

THE IMPORTANCE OF SHALE FOR THE AMERICAN ECONOMY: IS THE NET EXPORTER PROFILE HERE TO STAY?


┴REA: 06. Strategy and Organizational Engineering

RESUMO:
The shale is an important resource in face of the decreasing world oil supply. The American Oil Shale boom has given the country some autonomy by minimizing oil imports. However, 2018 seems to have been the year of end of this revolution, with the bankruptcy of twenty-eight Exploration and Production (E&P) compa-nies. Therefore, the objective of this article is to identify to what extent the pro-duction of shale oil and natural gas is promising for the American economy. Af-ter reviewing the emergence of shale exploration in the United States and the main companies in the industry, we compare the shale production costs and the price of oil to analyze the perspective for shale in the US. It was found that there is concern about production efficiency and cost reduction by companies, but shale oil production is economically viable only when the production cost is lower than the value of the conventional oil barrel. However, the shale gas perspective is ex-tremely favorable to the United States, as in its worst-case scenario it still remains an exporter of the commodity. The development of technology to exploit gas in large quantities and at low cost was crucial. The response to the question: is the American exporting profile for oil and natural gas here to stay? The response is yes only to natural gas, given the characteristics of exploration and the fragility in relation to international oil prices.

PALAVRAS-CHAVE:
united states, shale oil and gas, price, cost, energy protagonism



DOI: 10.14488/ijcieom2020_full_0006_37243
AUTORES:

RENAN PIMENTA DO AMARAL
FEDERAL UNIVERSITY OF RIO DE JANEIRO

JULIANA MAGATON MELLO
FEDERAL UNIVERSITY OF RIO DE JANEIRO

ROSEMARIE BRÍKER BONE
FEDERAL UNIVERSITY OF RIO DE JANEIRO






ISSN ENEGEP: 23183349 / ISSN ICIEOM: 23178000


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