The impact of oil extraction non-conventional oil resources on the price in the u.s.

mohammad ali khatib semnani¹ manejeh hadi nejad² vahid yousefi³

1) Ph.D., Economics, Islamic Azad University, Central Tehran Branch, Tehran, Iran
2) Ph.D., Economics, Islamic Azad University, Central Tehran Branch, Tehran, Iran
3) Master of Energy Economics (corresponding author)

IOI Code : XYCH-AEDDA
Publication : 3rd International conference on Management , Economics and Humanities(icmeh.org)
Abstract :
    n an analysis of the macro-economic issues and politics, factors affecting the price of oil from a high significance. energy price fluctuations and its impact on the global aqasad, highly regarded economists and economic agents. According to the Department of energy and its volatility and its influencing factors impact the cost of production is significant drtoaba and hence must be special attention to this sector. In this article, due to the nature of time series statistically, monthly during 2007:1 up to 2013:12 unconventional oil resources extraction impact on the price of oil in America. main research model estimates by their pattern and the pattern vector regression VAR ARDL. transition effect variables affect the price of oil in this article include the excess oil supply, gas prices, petroleum extraction and non-conventional sources of oil prices during the period of the past The result of the estimated models represent a negative effect on the price of oil extraction non-conventional oil sources in America.

Keywords : energy oil extract unconventional natural gas ardl