The fall in oil prices (-40% in June 2014) in the stock market disappears these days from the headlines. British Petroleum currently has the lowest price/earnings ratio in the industry with only a factor of 7. If we focus not only on stocks, but in speculate portfolio mix with oil, gold or...

Economic theory predicts that rents produced from natural resources, especially oil and gas, can increase opportunities for entrepreneurship, but they may also reduce engagement in entrepreneurial activities as they change incentives towards rent-seeking. Using Global Entrepreneurship Monitor...

After so many years of fruitless search for crude oil in the Ghana, in 2007 crude oil has been discovered in commercial quantities at the Jubilee offshore oil field. In fact, the offshore field is claimed to be the biggest find in offshore oilfields in West Africa in recent years. With examples...

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...

Intro -- Title Page -- Copyright -- Contents -- Preface and Acknowledgments -- List of Abbreviations -- Part One: Introduction -- 1. Accounting for Growth and Decline in Venezuela -- 2. Trends and Cycles in the Venezuelan Economy -- Part Two: A Critical Survey of the "Resource Curse" Literature...

Noch in der späten Zarenzeit entwickelte sich Russland dank des Aufbaus einer modernen Erdölindustrie im Kaukasus zu einem der weltweit führenden Ölproduzenten und hat diese Stellung in der Sowjetzeit noch ausgebaut. Die Industrialisierung und der Aufstieg des Landes zur Weltmacht waren...

Chapter 7 of Geo-Economics: The Interplay between Geopolitics, Economics, and Investments focuses on globally connected economies, the economic damage caused by successful cyber attacks, and the potential impact of a large-scale cyber attack. Could a successful cyber attack cause a prolonged...

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 paper exploits variations in the timing and size of oil discoveries to identify the impact of oil wealth on democracy. I use a unique dataset from the Association for the Study of Peak Oil and Gas and other sources describing worldwide oil endowment, exploration, discoveries, and oilfield...