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This paper is concerned with the role of oil and gas in the development of the global economy. Its focus is on the context in which oil and gas producers in both established and developing countries must frame their policies in order to optimize the benefits of producing such resources. It...
Persistent link: https://www.econbiz.de/10011582890
The authors demonstrate that the United States profits handsomely in all circumstances by imposing an embargo on imports of foreign crude oil. The US removes its exposure to foreign oil supply shocks and recovers deadweight lost producers surplus. The embargo plan will lead to greater domestic...
Persistent link: https://www.econbiz.de/10014198522
and outputs in biofuel production. We applied the modelling framework numerically in an example of corn ethanol production … average and marginal emissions. The results show that higher oil prices increase the prices of gasoline, natural gas, ethanol …, and corn, which stimulates corn-based ethanol production and increases corn yields by encouraging profit …
Persistent link: https://www.econbiz.de/10012960904
evidence that corn ethanol mandates have created a tight link between oil and agricultural markets. Rather increases in food …
Persistent link: https://www.econbiz.de/10010200873
The world energy sector is entering a period of transformation, defined by the emergence of a whole range of cost-effective technologies and the formation of new state priorities that can radically change the structure of energy use. The calculations of the development of world energy markets...
Persistent link: https://www.econbiz.de/10012416145
In 2020, the futures & spot markets of crude oil have changed dramatically. This paper analyzes the price discovery process of the WTI and Brent crude oil futures & spot markets using the information share model of Hasbrouck (1995), and finds that each reverse of the dominant asset can indicate...
Persistent link: https://www.econbiz.de/10013313949
In the background of the Russian invasion of Ukraine, European Union (EU) agreed to ban the overwhelming majority of Russian oil imports. Since the beginning of the invasion, the West decided to make Moscow pay economically for its aggression. Nevertheless, the decision aimed at the energy...
Persistent link: https://www.econbiz.de/10014243973
-correction analysis of fuel-food commodity price level co-movement towards inclusion of biodiesel and ethanol prices directly into …
Persistent link: https://www.econbiz.de/10011921431
evidence that corn ethanol mandates have created a tight link between oil and agricultural markets. Rather, increases in food …
Persistent link: https://www.econbiz.de/10010225465
This study examines the impact of uncertainty on mergers and acquisition (M&A) activity. We focus on product market uncertainty in the oil and gas sector. Analysing this industry enables us to construct a natural forward-looking measure of product market uncertainty, namely the implied crude oil...
Persistent link: https://www.econbiz.de/10012833334