Previous studies of OPEC have suggested ways of explaining the behaviour of OPEC as a group. The specific role of Saudi Arabia in the market and within OPEC has received attention from some authors. This study analyses the role of Saudi Arabia in these models and tries to find how much they...

OPEC's domestic oil consumption has increased seven-fold in 40 years, to 8.5 million barrels per day (mbd). They consume almost as much oil as China, and this constitutes one-fourth of their production. Such rapid growth in consumption – 5.1% annually, faster than their income growth of 3.1%...

We analyze the rapid growth of Saudi Arabia's domestic oil consumption, a nine-fold increase in 40 years, to nearly 3 million barrels per day, about one-fourth of production. Such rapid growth in consumption – 5.7% annually, which is 37% faster than its income growth of 4.2% – will challenge...

Energy arguably plays a vital role in economic development. Hence many studies have attempted to test for causality between energy and economic growth; however, no consensus has emerged. This paper, therefore, tests for causality between energy and GDP using a consistent data set and methodology...

This paper examines the long-run relationship between energy demand, GNP and energy price in Japan using data covering 1887 – 1998. It is found that, if an underlying energy demand trend (UEDT) is appropriately incorporated, an econometric model produces a long-run income elasticity of unitary...

This paper tests and supports the hypothesis that information provided by the media about the environmental effects of benzene had a significant impact on the demand for super unleaded petrol in the United Kingdom between 1991 and 1995, explaining in part the large drop in demand at the end of...

The second of two papers delivered at the joint SEEC/BIEE Energy Modelling Group seminar on 6 May 1994 at the University of Surrey

Early rural electrification programmes, relying upon grid connected power, were once hailed as the catalytic drivers of rural development. However experience has shown that their impact upon indigenous rural growth has been minimal and the associated benefits have not been forthcoming....

The promotion of US energy efficiency policy is seen as a very important activity. Generally, the level of energy efficiency of a country or state is approximated by energy intensity, commonly calculated as the ratio of energy use to GDP. However, energy intensity is not an accurate proxy for...