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April 9, 2025 • 8:30 am - 5:00 pm est

Columbia Global Energy Summit 2025

The Columbia Global Energy Summit 2024 is an annual event dedicated to thought-provoking discussions around the critical energy and climate challenges facing the global community. 

Summit Event • Lerner Hall
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Columbia Global Energy Summit 2025
Oil

The Implications of Lower Oil Prices for the US Economy Amid the Shale Boom

Reports by James Stock • December 04, 2014

Oil prices have fallen nearly 40 percent since June, translating to a drop of nearly $1 in gasoline prices. Declines in oil prices are generally seen as an economic windfall for net petroleum importers, like the United States. As the United States becomes a much larger oil producer as well, however, lower prices create different winners and losers.  This policy brief explores the overall economic impacts of a sharp drop in oil prices for the United States. It was co-authored by Center Founding Director Jason Bordoff and Harvard University Professor James Stock, who served until July 2014 as a Member of the President’s Council of Economic Advisers.

You can download and read the policy brief here (pdf).

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Oil

The Implications of Lower Oil Prices for the US Economy Amid the Shale Boom

Reports by James Stock • December 04, 2014

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