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The Mexican oil boom was characterized by a period of high investment, followed by capital flight. The private sector and households responded to the 1977-1981 windfall by attaining high savings rates. On the other hand, the Mexican government, the proprietor of the state oil company and the...
Persistent link: https://www.econbiz.de/10010944123
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model of derived demand for petroleum in agro-production; analyzes the effect on agricultural labor-machinery due to the …
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For several decades, petroleum has been a commodity of vital importance to the global economy, in which a number of … with a few other elements of the oil market. My focus is on elements related to the extraction of petroleum, and the …; an example of the behavior employed by John D. Rockefeller in his quest for control of the early petroleum refining …
Persistent link: https://www.econbiz.de/10010781554
The scope of this review is to highlight the potential contributions of solar energy in meeting the energy requirements of the oil and gas industry. It includes an assessment of the key factors that impact the world energy scene and the anticipated role of solar energy up to 2035. It appears...
Persistent link: https://www.econbiz.de/10011190400
We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event types. We then develop measures of exogenous shocks that avoid endogeneity and predictability...
Persistent link: https://www.econbiz.de/10009650637
A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of demand for both crude oil and natural gas, which explains the market power of oil producers and price volatility following shocks. The paper establishes a relationship between...
Persistent link: https://www.econbiz.de/10005768887