Business Cycles and Innovation Cycles in the U.S. Upstream Oil & Gas Industry

Robert Kleinberg and Marie Fagan note that Econometric analysis shows that U.S. upstream research and development efforts track oil price movements with a delay, while case studies show that the results of technology development requiring substantial R&D resources are often driven by innovations...

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Bibliographic Details
Published inIAEE newsletter Vol. 2020; no. 3
Main Authors Kleinberg, Robert L, Fagan, Marie N
Format Journal Article
LanguageEnglish
Published Cleveland International Association for Energy Economics 01.07.2020
Subjects
Business cycles
Case studies
Costs
Datasets
Econometrics
Efficiency
Energy economics
Energy industry
Engineering
Estimates
Expenditures
Gas industry
Innovations
Oil recovery
Petroleum industry
Prices
R&D
Research & development
Technological change
United States > US
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Summary:Robert Kleinberg and Marie Fagan note that Econometric analysis shows that U.S. upstream research and development efforts track oil price movements with a delay, while case studies show that the results of technology development requiring substantial R&D resources are often driven by innovations that arise independently of the business cycle.
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ISSN:1093-4243