This paper reassesses the links between transport fuels consumption, (gasoline and diesel) income, and prices for a sample of non-OECD countries using kernel smoothing methods. The focus of the article questions functional form assumptions underlying most previous research, the majority assuming...

Subsidies have become a crucial topic nowadays for many developing countries due to the fluctuations in international fuel prices. Many developing nations (both importers and exporters of fossil fuels) are trying to phase out subsidies due to the burden it exerts on the fiscal budget. Many...

This study analyses oil price movements through the lens of an agnostic random forest model, which is based on 1,000 regression trees. It shows that this highly disciplined, yet flexible computational model reduces in-sample root mean square errors (RMSEs) by 65% relative to a standard linear...

The promise of hydrogen as a potential decarbonization and energy solution has seen Gulf hydrocarbon economies join the hydrogen race. This paper undertakes a techno-economic analysis of opportunities in Kuwait and estimates the levelized costs of producing it using the Polymer electrolyte...

This paper, in the form of a treatise, estimates a U.S. shale-oil production trend forecast and explores potential consequences of that trend on U.S. and World macroeconomic conditions and growth prospects. It explains the economics of the Hubbert curve including a literature review both pro and...

In this paper, I examine the impact of oil price shocks, government expenditure, and Chinese investments in the energy sector on Alberta's economy. The aim is to understand how government expenditures transmit oil-price changes to the economy, thereby exacerbating economic cycles in Alberta, an...

China’s capital-intensive, export-oriented, spectacular economic growth since launching its open-door policy and economic reforms in late 1978 not only has created jobs and has lifted millions of the Chinese people out of poverty, but also has given rise to unprecedented environmental...

China’s unilateral pledge to cut its carbon intensity by 40-45 percent by 2020 relative to its 2005 levels raises both the stringency issue, and given that China’s pledge is in the form of carbon intensity, reliability issues concerning China’s statistics on energy and GDP. Moreover, as...

I maximize present valued world GDP over the stockpile of petroleum used to contain price shocks administered by OPEC. Long run price elasticity of demand and non-OPEC supply exceed those in the short run, so OPEC profits from sudden, as opposed to gradual, increases in price. These shocks...

China’s global quest for resources, in particular oil and natural gas, has received unprecedented worldwide attention and scrutiny. This is partly because of China’s own high-profile, active energy diplomacy, its national oil companies’ acquisitions in the key exporting regions of oil and...