This paper uses oil resource and total factor productivity as the proxies for the nominal economy and real economy, respectively, to show how oil as a financial resource would impact on economic productivity. We analyze the effect of oil export and oil import on the TFP growth rate in the full...

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...

The spot price of crude oil declined from $106.07 per barrel on June 30, 2014 to $53.45 per barrel on December 31, 2014, representing a 50% decline within six months. By December 31, 2015, the spot price had declined further, to $37.13, and it remains substantially below its level during 2011...

Why have large declines in oil prices and in the rig count not triggered a more dramatic decline in production? At what price level would a large share of U.S. shale oil production lose economic viability?

H2 is highlighted as a sustainable energy resource, and mainly produced by steam reforming of fossil fuels, which emit the greenhouse gases. Marine biomass is a promising alternative source because of its high productivity and carbon neutrality compared to terrestrial biomass. In this work, we...