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This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...
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After opening up of the Interconnector, the liberalized UK natural gas market and the regulated Continental gas markets became physically integrated. The oil-linked Continental gas price became dominant, due to both the large volume of the Continental market and to the fact that the significant...
Persistent link: https://www.econbiz.de/10013318728
World Trade Center, said in a 1998 interview that he believed that Oil Prices, then trading at around $11 a barrel should … ideally trade at around $144 a barrel. Oil touched around $144 a barrel in June 2008. At this price, the world would be paying … fuel. OPIC would also encourage and evangelize on Vegetarianism. Unless the world becomes vegetarian, substantially land …
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One of the more unhappy effects of the recent, massive rise in the price of crude oil has been its impact on those developing countries not fortunate enough to be oil exporters themselves. The authors offer a proposal for rechanneling some of the oil revenues to the impacted developing countries.
Persistent link: https://www.econbiz.de/10011588683
Not unpredictably, there is a complex energy bind as we approach the end of the twentieth century. The oil importing industrial countries have anchored their industries, their means of transportation, their home comfort- in short, their whole energy-dependent lifestyle-largely to hydrocarbon fuels
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