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  • Thumbnail for Heading in another direction : the impact of horizontal drilling on U.S. energy security
    Heading in another direction : the impact of horizontal drilling on U.S. energy security by Keene, Daniel

    In this study I attempt to explain the effect that the horizontal drilling boom has had on the resultant energy security scenario in the United States. Using crude oil import data and international political risk profiles from 2002-2012, I construct a risk-adjusted supply concentration index as a measure of how vulnerable the United States is to international disruptions of oil supply. I develop a model such that fluctuations in the vulnerability index can be explained by horizontal well count data from 2002-2012. I find that the horizontal drilling boom has had a positive and statistically significant effect on increasing the energy security of the United States.