Swing Oil Production and the Role of Credit: A Synthesis of Best-in-Class Research Views

In order to understand swing production and the role of credit, this working paper will briefly cover five topics. This working paper is based on the author’s introductory remarks and PowerPoint presentation at the International Energy Forum - Bank of Canada joint roundtable on "Commodity Cycles and Their Implications," which was held at the Bank of Canada in Ottawa on April 25th, 2016. Ms. Till participated in the concluding panel discussion on the theme, "What Will Be the New Swing Producer? The Role of Credit Conditions," which focused on the role of credit markets in the stability of the oil market.