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...

Several studies note the significant quantity of water used to hydraulically fracture oil and gas wells. For nine western states in 2013, water use in fracking represented just 0.8 percent of agricultural water use for irrigation. Locally, fracking used more water than farming only in counties...

Commodity prices are extremely volatile, and volatility itself fluctuates overtime. This volatility has consequences for both the global economy and commoditymarkets themselves. Using data from 1959 to 2021, we estimate a3-state Markov-switching model to identify expansions and contractions in...

In this paper we use the long-term empirical relationship among primary energy consumption, real income, physical capital, population and technology, obtained by averaged panel error correction models, to project the long-term primary energy consumption of 56 countries up to 2100. In forecasting...

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...

Iran as an energy-rich country faces many challenges in optimal utilization of its vast resources. High population and economic growth, generous subsidies program, and poor resource management have contributed to rapidly growing energy consumption and high energy intensity for the past decades....

Renewable Portfolio Standards (RPSs) are a key policy measure used by U.S. states to increase their production of renewable electricity. Economic theory shows that RPSs are not first-best policy measures for mitigating greenhouse gas emissions or solving other environmental problems....

Existing studies have focused on the impact of inefficient resource allocation on energy performance in China's factor market, but neglected to explore the underlying reason from the perspective of market segmentation. In this paper, the epsilon-based measure model and price index method are...

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 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...