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Energy security is the ability of households, businesses, and government to accommodate disruptions in supply in energy markets. This survey considers the economic dimensions of energy security, political and other non-economic security concerns and discusses policy approaches that could enhance...
Persistent link: https://www.econbiz.de/10012458934
for the U.S. and the rest of the world (ROW). We investigate the implications of a significant increase in U.S. light …
Persistent link: https://www.econbiz.de/10012453893
Crude oil production in the United States increased by nearly 80 percent between 2008 and 2016, mostly in areas that were far from existing refining and pipeline infrastructure. The production increase led to substantial discounts for oil producers to reflect the high cost of alternative...
Persistent link: https://www.econbiz.de/10012453543
petroleum products by rail and pipelines. While crude oil transportation has generated intense policy debate about rail and …
Persistent link: https://www.econbiz.de/10012453859
If commercial producers or financial investors use futures contracts to hedge against commodity price risk, the arbitrageurs who take the other side of the contracts may receive compensation for their assumption of nondiversifiable risk in the form of positive expected returns from their...
Persistent link: https://www.econbiz.de/10012459606
world rate of interest(intertemporal terms of trade effects) and, for rigid wages, changes in employment. Thus Industria … gains from the intertemporal terms of trade effect if it is a net borrower and the world rate of interest falls. Precise … conditions for whether the world rate of interest falls or rises are given.We also show that Industria may gain from subsidizing …
Persistent link: https://www.econbiz.de/10012478029
of oil prices, relates these to the predictions of theory, and looks in detail at key features of petroleum demand and …
Persistent link: https://www.econbiz.de/10012464155
post-World-War-II oil shocks reviewed include the Suez Crisis of 1956-57, the OPEC oil embargo of 1973-1974, the Iranian …
Persistent link: https://www.econbiz.de/10012461867
the world economy. We analyze the impact of the advent of fracking on the volatility of oil prices. Our model predicts a …
Persistent link: https://www.econbiz.de/10012455258
The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...
Persistent link: https://www.econbiz.de/10014322883