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The US energy strategy that would change the outlook worldwide is that for replacing crude oil with other liquids fuels to run automotive engines. Other strategies wander off into exotics requiring subsidies to produce heat or electricity not diesel, heating oil or gasoline. There is no...
Persistent link: https://www.econbiz.de/10014042307
The strategic advantages for substituting synthetic fuels for crude oil based gasoline and heating oil have long been evident but the questions as to when and to what extent have not been addressed in total. Based on corporate and government research reports, we assess and summarize the case for...
Persistent link: https://www.econbiz.de/10014043869
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 … formation of Organisation of Petroleum Importing Countries (OPIC) in 2002. This idea becomes much more imminent in these …
Persistent link: https://www.econbiz.de/10014215039
In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural Vector Autoregressive (SVAR) model introduced by Kilian and Murphy (2014). On this respect, we replace the global proxy for above-ground crude oil inventories with the oil...
Persistent link: https://www.econbiz.de/10014115111
This article examines the future of our petroleum-based economy in light of the voluminous debates over Peak Oil and …: First, the "true" Peak Oil debate about when world-wide, long-term oil production will follow the downward slope of the … 2003; and third, the long-term national security implications of the Western world's increasing dependence on oil and …
Persistent link: https://www.econbiz.de/10014058468
This paper aims to create a composite national oil sentiment index and examine the sentiment effects on oil futures. The intent is to extrapolate this index for the US market and assess its viability and applicability to other countries in future research. Oil sentiment is measured through...
Persistent link: https://www.econbiz.de/10012949027
This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through...
Persistent link: https://www.econbiz.de/10012983790
Persistent link: https://www.econbiz.de/10012807154
Persistent link: https://www.econbiz.de/10014249441
This study aims to identify firm characteristics that affect the cross-firm variation in oil-stock interactions. A panel data analysis with a sample of U.S. and Canadian firms reveals that the stock price sensitivity to crude oil price returns is negatively and significantly associated with firm...
Persistent link: https://www.econbiz.de/10013179571