US Consumer and Corporate Behavior in a Low Oil Price World
... the oil production supply chain. Despite wide anticipation, we believe consumer impacts will become most apparent in the second half of the year and producer impacts in coming quarters, assuming oil prices do not rapidly rebound. We estimate consumer savings of roughly $830–$1,020 per household and ...
... the oil production supply chain. Despite wide anticipation, we believe consumer impacts will become most apparent in the second half of the year and producer impacts in coming quarters, assuming oil prices do not rapidly rebound. We estimate consumer savings of roughly $830–$1,020 per household and ...
is the oil price plunge damaging the Us economy?
... proportion of GDP, this represents just 0.9%. Moreover, we note that this sector contributed only 2.9% of total GDP growth since 2009, which is fairly modest. It is therefore false to suggest, as some commentators have done, that the economic recovery in the United States was mainly due to the ener ...
... proportion of GDP, this represents just 0.9%. Moreover, we note that this sector contributed only 2.9% of total GDP growth since 2009, which is fairly modest. It is therefore false to suggest, as some commentators have done, that the economic recovery in the United States was mainly due to the ener ...
1: Introduction
... has declined by about 10 MMB/D since 1978. Indeed, the decline in world demand has been considerably larger than the loss of oil exports from Iran and Iraq resulting from the Iran/Iraq War. Given these conditions, the natural question is how much should the United States be concerned about the possi ...
... has declined by about 10 MMB/D since 1978. Indeed, the decline in world demand has been considerably larger than the loss of oil exports from Iran and Iraq resulting from the Iran/Iraq War. Given these conditions, the natural question is how much should the United States be concerned about the possi ...
Managing Price Shocks: Oil and Food Subsidies in Jordan
... about $1 billion in 2008, which is 5.8% of GDP, assuming that the yearly average of international price of oil is $90/ barrel; while these subsidies would reach about $1.4 billion if the price is $100/ barrel; i.e., 7.5% of GDP. Also, it was estimated that the targeted budget deficit of 6.5% of GDP ...
... about $1 billion in 2008, which is 5.8% of GDP, assuming that the yearly average of international price of oil is $90/ barrel; while these subsidies would reach about $1.4 billion if the price is $100/ barrel; i.e., 7.5% of GDP. Also, it was estimated that the targeted budget deficit of 6.5% of GDP ...
Cheap oil, QE and Greece – what does it all mean?
... of Brent and WTI) fell by more than 50% in 7 months. This was predominantly driven by strong supply; in the US, crude oil production increased by around one million barrels per day last year, helping to push prices down from $108 per barrel in June 2014 to around $48 in January 2015. The oil price c ...
... of Brent and WTI) fell by more than 50% in 7 months. This was predominantly driven by strong supply; in the US, crude oil production increased by around one million barrels per day last year, helping to push prices down from $108 per barrel in June 2014 to around $48 in January 2015. The oil price c ...
FRBSF L CONOMIC
... Figure 2 shows that changes in expenditures for oil dominate overall energy expenditure movements. And Figure 4 shows the high share of imported oil that results in a sizable income transfer abroad. What then is the effect of rising oil prices on U.S. growth and inflation? Given oil’s importance as ...
... Figure 2 shows that changes in expenditures for oil dominate overall energy expenditure movements. And Figure 4 shows the high share of imported oil that results in a sizable income transfer abroad. What then is the effect of rising oil prices on U.S. growth and inflation? Given oil’s importance as ...
Presentation to a Seattle Community Leaders Luncheon Marriott Waterfront, Seattle, Washington
... recently. As the wholesale and retail markups over crude oil prices surged, gasoline prices rose even more sharply, although these margins have fallen substantially over the past couple of months. Not surprisingly, the oil price increases have spilled over into other energy markets like natural gas. ...
... recently. As the wholesale and retail markups over crude oil prices surged, gasoline prices rose even more sharply, although these margins have fallen substantially over the past couple of months. Not surprisingly, the oil price increases have spilled over into other energy markets like natural gas. ...
Iraq Crisis: What does an increase of $ 10/barrel mean for us?
... In terms of supply, global crude oil supplies have been on the rise, having grown 1.2% in the first quarter of 2014. It increased by 0.2 million barrels/day to 90.99 million barrels/day in May’14. OPEC’s output, at 30 million barrels/day (as of May’14), accounts for around 33% of global production. ...
... In terms of supply, global crude oil supplies have been on the rise, having grown 1.2% in the first quarter of 2014. It increased by 0.2 million barrels/day to 90.99 million barrels/day in May’14. OPEC’s output, at 30 million barrels/day (as of May’14), accounts for around 33% of global production. ...
Impact of Oil Prices on the Indian Economy
... various channels. This study restricts itself to analyzing ...
... various channels. This study restricts itself to analyzing ...
EGA US Market Commentary Q1 16
... oil producers had finally begun cutting back output. Whether or not OPEC would cut production was a debate all quarter and it remains to be seen, but the aforementioned reports gave crude oil prices and the energy sector a lift. ...
... oil producers had finally begun cutting back output. Whether or not OPEC would cut production was a debate all quarter and it remains to be seen, but the aforementioned reports gave crude oil prices and the energy sector a lift. ...
Economic Insight: Middle East
... malaise gripping Europe as well as structurally lower energy demand due to increasing efficiency, and the rapid proliferation of alternative energy sources. Looking further ahead, Europe’s stagnation could persist for years to come if deflationary expectations become entrenched, leading to delays in ...
... malaise gripping Europe as well as structurally lower energy demand due to increasing efficiency, and the rapid proliferation of alternative energy sources. Looking further ahead, Europe’s stagnation could persist for years to come if deflationary expectations become entrenched, leading to delays in ...
Open High Low Close % Cng
... 5.1% drop to 1.003 million units in August. The report also showed that U.S. housing starts rose 6.3% in September to 1.017 million units, beating expectations for a 4.8% gain. Housing starts for August were revised to a 12.8% fall from a previously estimated 14.4% decline. In Europe revised data sh ...
... 5.1% drop to 1.003 million units in August. The report also showed that U.S. housing starts rose 6.3% in September to 1.017 million units, beating expectations for a 4.8% gain. Housing starts for August were revised to a 12.8% fall from a previously estimated 14.4% decline. In Europe revised data sh ...
Summary
... price changes, especially in the short-to-medium term. Nevertheless, the longer-term income elasticity of global demand for oil is below that of the demand for primary energy. This difference indicates that oil-saving efforts, technological change, and the move to more service-based economies have a ...
... price changes, especially in the short-to-medium term. Nevertheless, the longer-term income elasticity of global demand for oil is below that of the demand for primary energy. This difference indicates that oil-saving efforts, technological change, and the move to more service-based economies have a ...
Oil Prices and the Australian Economy
... large passenger vehicles (Graph 8). Nevertheless, given that the average age of a vehicle on the roads is around 10 years, this Graph 8 change in purchasing patterns, even ...
... large passenger vehicles (Graph 8). Nevertheless, given that the average age of a vehicle on the roads is around 10 years, this Graph 8 change in purchasing patterns, even ...
IMF background note G-8 Energy Ministers Meeting
... price spike in 2007-08—tight supply-demand balances and low buffers—are not likely to reemerge soon. Unless global growth recovers much more rapidly than expected, risks of a rapid price rebound, therefore, seem small. In the medium term, however, risks are that OPEC spare capacity will again shrink ...
... price spike in 2007-08—tight supply-demand balances and low buffers—are not likely to reemerge soon. Unless global growth recovers much more rapidly than expected, risks of a rapid price rebound, therefore, seem small. In the medium term, however, risks are that OPEC spare capacity will again shrink ...
FRBSF E L CONOMIC ETTER
... demand. As a result, a contraction in domestic nonpetroleum demand generates a lower overall demand for domestic tradables and, correspondingly, an excess of supply of these goods, leading therefore to a decline in their relative price. As domestic tradables become more competitive, export sales inc ...
... demand. As a result, a contraction in domestic nonpetroleum demand generates a lower overall demand for domestic tradables and, correspondingly, an excess of supply of these goods, leading therefore to a decline in their relative price. As domestic tradables become more competitive, export sales inc ...
Addressing the impact of the decreasing oil price on
... stability in finance and energy sector. The oil price plummeted again from mid-2014 onwards. Since then, prices have been slowly going up to an average of about 35$. Supply factors have played a somewhat larger role than demand factors in driving the 50 percent drop in the price of oil between mid-2 ...
... stability in finance and energy sector. The oil price plummeted again from mid-2014 onwards. Since then, prices have been slowly going up to an average of about 35$. Supply factors have played a somewhat larger role than demand factors in driving the 50 percent drop in the price of oil between mid-2 ...
Discussion Articles Week3
... • Fourth while oil prices are low today they are likely to be more volatile in the future due to important changes in the oil market • OPEC for the time being has given up its role of market balancer, leaving very little buffer of spare capacity • OPEC’s spare capacity today is less than 1.3 million ...
... • Fourth while oil prices are low today they are likely to be more volatile in the future due to important changes in the oil market • OPEC for the time being has given up its role of market balancer, leaving very little buffer of spare capacity • OPEC’s spare capacity today is less than 1.3 million ...
Global implications of low oil prices
... On the other hand, the pickup in demand in several net oil-importing countries as a result of income windfalls from lower oil prices has so far been rather limited. From a longer-term perspective, this could reflect lower energy intensities compared with earlier episodes of oil price declines in the ...
... On the other hand, the pickup in demand in several net oil-importing countries as a result of income windfalls from lower oil prices has so far been rather limited. From a longer-term perspective, this could reflect lower energy intensities compared with earlier episodes of oil price declines in the ...
Oil Security 2025
... • Due to heavy reliance on oil, American consumers and businesses are fully exposed to oil prices • Few opportunities to choose less costly alternatives in the short run – demand is price inelastic • If oil prices jump, consumers divert expenditures away from other items – can cause a recession • Oi ...
... • Due to heavy reliance on oil, American consumers and businesses are fully exposed to oil prices • Few opportunities to choose less costly alternatives in the short run – demand is price inelastic • If oil prices jump, consumers divert expenditures away from other items – can cause a recession • Oi ...
PPrice Revolution”: - Japan Economic Foundation
... ical innovation that can change Japan into an energy-saving economic society friendlier to the environment. That is far more imperative. Needless to say, Japan must act in concert with other countries in addressing the ongoing financial turmoil. However, we should know that the price revolution will ...
... ical innovation that can change Japan into an energy-saving economic society friendlier to the environment. That is far more imperative. Needless to say, Japan must act in concert with other countries in addressing the ongoing financial turmoil. However, we should know that the price revolution will ...
Issues in Domestic Petroleum Pricing in Oil
... Some retail price estimates are an average for only a month or quarter (“snapshot”) ...
... Some retail price estimates are an average for only a month or quarter (“snapshot”) ...
... countries, so the oil-importing countries would decline their consumption [2]. While as the decreasing demand of importing countries is greater than the increase of exporting countries, thus the whole world consumption would decline, which would finally inhibit economic growth, a recession happens t ...
Long-term oil and energy outlook
... development in logistics, especially from Russia & Caspian and out of Canada ...
... development in logistics, especially from Russia & Caspian and out of Canada ...
2000s energy crisis
From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. Commentators attributed these price increases to many factors, including the falling value of the U.S. dollar, reports from the United States Department of Energy and others showing a decline in petroleum reserves worries over peak oil, Middle East tension, and oil price speculation.For a time, geo-political events and natural disasters indirectly related to the global oil market had strong short-term effects on oil prices, such as North Korean missile tests, the 2006 conflict between Israel and Lebanon, worries over Iranian nuclear plans in 2006, Hurricane Katrina, and various other factors. By 2008, such pressures appeared to have an insignificant impact on oil prices given the onset of the global recession. The recession caused demand for energy to shrink in late 2008, with oil prices falling from the July 2008 high of $147 to a December 2008 low of $32. Oil prices stabilized by October 2009 and established a trading range between $60 and $80.