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This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008....
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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...
Persistent link: https://www.econbiz.de/10010528313
the former but not the latter explanation. -- Petroleum Economics ; Stochastic Dynamic Optimization …
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Petroleum Exporting Countries in the crude oil exports have single-product, in other words income from selling oil or … the equation to import Petroleum Exporting Countries: the price of oil that can be a positive effect ordering that the … real imports that are probably through wealth. The Petroleum Exporting Countries to some extent of the price of oil higher …
Persistent link: https://www.econbiz.de/10013104639
There is mounting evidence that global oil demand will peak between 2020 and 2040, supported by rational economics (inter-fuel competition and efficiency gains) and environmental policies. The perspective of a peak in world oil demand poses a serious economic threat to petrostates whose GDP...
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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...
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