Prices or politics? The influence of markets and political party changes on oil and gas development in the United States

A-Tier
Journal: Energy Economics
Year: 2012
Volume: 34
Issue: 6
Pages: 2013-2020

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper analyzes the influence of state and federal political party changes and market factors on the number of state oil and natural gas drilling permits issued. The findings, using a first‐differenced empirical model for two samples, a 26-state sample, from 1990 to 2007, and a 19-state sample, from 1977 to 2007, indicate that the influence of political party changes is trumped by economic factors. Oil and natural gas prices are the main drivers of permitting changes, while the state and federal political party changes for the legislatures' and executive offices are consistently not significant.

Technical Details

RePEc Handle
repec:eee:eneeco:v:34:y:2012:i:6:p:2013-2020
Journal Field
Energy
Author Count
1
Added to Database
2026-01-25