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...

Biofuels are becoming an alternative to non-renewable energy sources but we know little about the economic mechanisms influencing their prices. This paper studies the interrelationships between the spot prices of oil and those of agricultural commodities used as biofuel feedstocks. Using daily...

This book provides a thorough explanation of the origin, exploration, production, and marketing of oil. The author's goal is to increase awareness (if not an attempt to raise the alarm) that an unprecedented energy crisis is just over the horizon. Kenneth Deffeyes predicted an impending oil...