Summary of The Business of Cheaper Oil

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

The Business of Cheaper Oil summary
Start getting smarter:
or see our plans




  • Comprehensive
  • Analytical


Oil prices giveth, and oil prices taketh away. The US shale boom threw a huge curveball to a world economy accustomed to ever-rising oil prices. In this elegantly written study, the Economist Intelligence Unit serves up a scorecard: Some of the winners (such as airlines and US motorists) and losers (like Russia and Venezuela) are obvious, others less so. getAbstract recommends this enlightening report to investors, executives and decision makers everywhere seeking a global perspective on energy markets.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.



Oil prices plunged by one-third in the second half of 2014, a surprise collapse that roiled the world economy in ways both expected and unexpected. Continuing weak global demand combined with greater supply from the United States to drive oil prices down. US crude oil production shot from 5.6 million barrels a day in 2011 to 8.9 million barrels a day in September 2014 thanks to the growth of hydraulic fracturing and horizontal drilling operations. Because of the drop in price, US shale-oil production growth will likely slow, the most costly-to-operate wells will become unprofitable and highly leveraged drillers...

More on this topic

Customers who read this summary also read

The Next Financial Crisis Lurks Underground
Russia’s Growing Economic Ties with the Middle East
World Economic Outlook April 2017
Russia’s Growth Problem
Industries in 2019
Cause for Concern?

Related Channels

Comment on this summary