Peak oil demand has become the hot new topic for oil market analysts but as always, runs the risk of being subject to superficial analysis, just as peak oil supply was. The primary arguments come from climate change activists who believe fossil fuel consumption must drop sharply and from...

The study is an attempt to estimate demand for petrol and diesel in the road transport of Pakistan for the period 1971-72 to 2016-17. Using these demand estimates, it forecasts demand for these two products up to 2024-25 under different scenarios of economic growth and petroleum product pricing....

Cover -- Title -- Copyright -- Contents -- List of Figures and Tables -- List of Contributors -- Introduction Counter-Shock and Counter-Revolution -- Part I: Oil Prices in Context -- 1. Price Regimes, Price Series and Price Trends: Oil Shocks and Counter-Shocks in Historical Perspective -- 2....

We test for changes in price behavior in the longest crude oil price series available (1861-2008). We find strong evidence for changes in persistence and in volatility of price across three well defined periods. We argue that historically, the real price of oil has tended to be highly persistent...

Tax expenditures are a major source of support for energy related activities in the federal budget exceeding direct budget support for energy by a factor of nearly six. Focusing on the policy goals of reducing greenhouse gas emissions and petroleum consumption, I find these tax expenditures...