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The extraordinary height of the U.S. current account deficits in the 90s gave rise to concern, a variety of papers and political recommendationsrevealing the very contrary opinions of economists on the subject.From this alarming evolution, the question of sustainability of such a...
Persistent link: https://www.econbiz.de/10009471805
been lower and more stable over the past decade, OPEC still holds the majority of the world`s conventional oil resources … according to the best available estimates. OPEC`s share of the world oil market is likely to grow significantly in the future … long run and given the ability of the OPEC cartel to use market power to influence oil prices. Although oil prices have …
Persistent link: https://www.econbiz.de/10009436690
sections. Section 1 contains time series data on world oil production, and on oil demand and stocks in the Organization for … recent two years. Section 2 presents an oil supply/demand balance for the world. This balance is presented in quarterly … months. Section 4 presents annual time series data on world oil production and oil stocks, demand, and trade in OECD …
Persistent link: https://www.econbiz.de/10009436896
The first goal of the present work focuses on the need for different rationing methods of the The Global Change and Financial Transition (GFT) work- ing group at the Potsdam Institute for Climate Impact Research (PIK): I provide a toolbox which contains a variety of rationing methods to be ap-...
Persistent link: https://www.econbiz.de/10009449065
influence the world`s dependence upon Middle Eastern oil. Proprietors of eleven economic models of the world oil market used …
Persistent link: https://www.econbiz.de/10009435860
50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC …Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed … pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the …
Persistent link: https://www.econbiz.de/10009436141
The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the … economies of the world. This paper reports estimates of the costs of monopolization of oil to the U.S. over the period 1972 …-1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control …
Persistent link: https://www.econbiz.de/10009436142
stocks. The report has four sections. Section 1 contains time series data on world oil production, and on oil demand and … 1985, and monthly data for the most recent two years. Section 2 presents an oil supply/demand balance for the world. This … monthly data for the most recent twelve months. Section 4 presents annual time series data on world oil production and oil …
Persistent link: https://www.econbiz.de/10009436162
influence the world's dependence upon Middle Eastern oil. Proprietors of eleven economic models of the world oil market used …
Persistent link: https://www.econbiz.de/10009436255
influence the world's dependence upon Middle Eastern oil. Proprietors of eleven economic models of the world oil market used …
Persistent link: https://www.econbiz.de/10009436256