The increase in US production can be attributed to low breakeven prices, especially for #shale #oil: per the most recent @DallasFed #energy survey, the average #breakeven prices for existing and new wells are $34.50 and $60.83, respectively - Jack Manley @JPMorganAM

Or maybe Kerry understands that after the short #shale interregnum, power will be back with the Middle East oil producers? This is called 'realist politics' #Oilrules!

This is my third #introduction through my past research. I am a Prof of Economics at University of Warwick.

I published a paper in 2017 that became quite relevant in 2022.

On the Comparative Advantage of U.S.Manufacturing: Evidence from the #Shale Gas Revolution.

What does the paper show? It exploits the expansion of shale gas production in the US through fracking (purely positive research). This resulted in a divergence of natural gas prices in US and Rest of World.