EROI, Insidious Feedbacks, and the End of Economic Growth
... Yet, for all the differences amongst these theories, they all share one implicit assumption: a return to a growing economy, i.e. growing GDP, is in fact possible. Historically, there has been no reason to question this assumption as GDP, incomes, and most other measures of economic growth have in fa ...
... Yet, for all the differences amongst these theories, they all share one implicit assumption: a return to a growing economy, i.e. growing GDP, is in fact possible. Historically, there has been no reason to question this assumption as GDP, incomes, and most other measures of economic growth have in fa ...
Russia Oil disad 1NC
... UPI, United Press International, 7/18/11, “Report: High oil prices unlikely to budge”, http://www.upi.com/Business_News/EnergyResources/2011/07/18/Report-High-oil-prices-unlikely-to-budge/UPI-41461311031309/ LONDON, July 18 (UPI) -- Everything including the imminent start of the hurricane season in ...
... UPI, United Press International, 7/18/11, “Report: High oil prices unlikely to budge”, http://www.upi.com/Business_News/EnergyResources/2011/07/18/Report-High-oil-prices-unlikely-to-budge/UPI-41461311031309/ LONDON, July 18 (UPI) -- Everything including the imminent start of the hurricane season in ...
Global Demand Dynamics: Determinants and Policy Issues
... • Share on expenditure on energy out of the total budget tends to rise at early levels of economic development – In non-OECD percentage growth in income is likely to be associated with larger percentage growth in oil demand ...
... • Share on expenditure on energy out of the total budget tends to rise at early levels of economic development – In non-OECD percentage growth in income is likely to be associated with larger percentage growth in oil demand ...
CURRENT ANALYSIS Impact of Lower Oil Prices on the
... is likely still a plus for the U.S. economy which, even with recent rapid increases in its own domestic production capabilities, is still a significant net importer of petroleum products. Given the U.S. absorbs around threequarters of Canada’s exports; a boost to that economy from lower energy costs ...
... is likely still a plus for the U.S. economy which, even with recent rapid increases in its own domestic production capabilities, is still a significant net importer of petroleum products. Given the U.S. absorbs around threequarters of Canada’s exports; a boost to that economy from lower energy costs ...
Commodity price increases: causes, effects and policy responses
... – Economic stability and macroeconomic management – Food and energy security • Key issue is whether commodity price volatility is excessive ...
... – Economic stability and macroeconomic management – Food and energy security • Key issue is whether commodity price volatility is excessive ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... impact and causes of oil price shocks but this discussion is really about the studies that have used the vector autoregression (VAR) methodology. There is a large literature using large-scale macroeconometric models, computable general equilibrium models (e.g., the G-Cubed model of McKibbin and Wilc ...
... impact and causes of oil price shocks but this discussion is really about the studies that have used the vector autoregression (VAR) methodology. There is a large literature using large-scale macroeconometric models, computable general equilibrium models (e.g., the G-Cubed model of McKibbin and Wilc ...
Long-term macroeconomic impacts of US unconventional Oil & Gas production :
... The Imaclim-R framework ...
... The Imaclim-R framework ...
Oil Prices and the US Dollar
... producing countries. Dollar depreciation reduces these countries’ purchasing power and increases domestic inflation levels, all other things being equal. Dollar devaluation increases demand for oil in countries with non-dollar appreciating currencies. It also ...
... producing countries. Dollar depreciation reduces these countries’ purchasing power and increases domestic inflation levels, all other things being equal. Dollar devaluation increases demand for oil in countries with non-dollar appreciating currencies. It also ...
Plunging Oil Prices - Federal Reserve Bank of Dallas
... Some analysts believe that the appreciation of the dollar also played a role. The decline of other currencies relative to the dollar makes oil more expensive for consumers outside the U.S. For example, between the end of June 2014 and the start of March, the euro lost about 20 percent of its value a ...
... Some analysts believe that the appreciation of the dollar also played a role. The decline of other currencies relative to the dollar makes oil more expensive for consumers outside the U.S. For example, between the end of June 2014 and the start of March, the euro lost about 20 percent of its value a ...
First Quarter 2015 Review and Outlook
... representing two-thirds of domestic GDP, we believe the consumer benefit associated with lower oil prices will provide ...
... representing two-thirds of domestic GDP, we believe the consumer benefit associated with lower oil prices will provide ...
10. Oil Shocks of the 1970s and the Great Depression
... shock. The central bank of Country A takes no stabilizingpolicy actions. After the short-run impacts of the adverse supply shock become apparent, the central bank of Country B increases the money supply to return the economy to full employment. a. Describe the short-run impact of the adverse supply ...
... shock. The central bank of Country A takes no stabilizingpolicy actions. After the short-run impacts of the adverse supply shock become apparent, the central bank of Country B increases the money supply to return the economy to full employment. a. Describe the short-run impact of the adverse supply ...
OPEC - Marriott School
... Ayatollah Khomeini to gain control. • Protests shattered the Iranian oil sector. While the new regime resumed oil exports, it was inconsistent and at a lower volume, forcing up prices. Saudi Arabia and other OPEC nations increased production to offset the decline, and the overall loss in production ...
... Ayatollah Khomeini to gain control. • Protests shattered the Iranian oil sector. While the new regime resumed oil exports, it was inconsistent and at a lower volume, forcing up prices. Saudi Arabia and other OPEC nations increased production to offset the decline, and the overall loss in production ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... impact and causes of oil price shocks but this discussion is really about the studies that have used the vector autoregression (VAR) methodology. There is a large literature using large-scale macroeconometric models, computable general equilibrium models (e.g., the G-Cubed model of McKibbin and Wilc ...
... impact and causes of oil price shocks but this discussion is really about the studies that have used the vector autoregression (VAR) methodology. There is a large literature using large-scale macroeconometric models, computable general equilibrium models (e.g., the G-Cubed model of McKibbin and Wilc ...
Press summary (PDF, 241 KB)
... hamper companies’ willingness to make domestic investments. Residential construction conti‐ nues to follow an upwards trend boosted by favourable developments in income and low re‐ turns on other types of investment. The employment outlook remains very favourable. The introduction of the legal nat ...
... hamper companies’ willingness to make domestic investments. Residential construction conti‐ nues to follow an upwards trend boosted by favourable developments in income and low re‐ turns on other types of investment. The employment outlook remains very favourable. The introduction of the legal nat ...
Mankiw 5/e Chapter 9: Intro to Economic Fluctuations
... Workers unionize, negotiate wage increases. New environmental regulations require firms to reduce emissions. Firms charge higher prices to help cover the costs of compliance. (Favorable supply shocks lower costs and prices.) slide 12 ...
... Workers unionize, negotiate wage increases. New environmental regulations require firms to reduce emissions. Firms charge higher prices to help cover the costs of compliance. (Favorable supply shocks lower costs and prices.) slide 12 ...
10th IAEE European Conference
... model for Spain. Their results suggest that oil shocks account for more than half the size of the aggregate fluctuations of the economy. They show that increases in the relative price of oil had a negative and significant effect on welfare. The present paper examines the oil - output relationship i ...
... model for Spain. Their results suggest that oil shocks account for more than half the size of the aggregate fluctuations of the economy. They show that increases in the relative price of oil had a negative and significant effect on welfare. The present paper examines the oil - output relationship i ...
Predicting U.S. Industrial Production with Oil and Natural Gas Prices
... large numbers of economists, statisticians and information technology specialist to build sophisticated mathematical models to do this forecasting. This article demonstrates how economists forecast by building a small illustrative model to predict future levels of the U.S. monthly index of industria ...
... large numbers of economists, statisticians and information technology specialist to build sophisticated mathematical models to do this forecasting. This article demonstrates how economists forecast by building a small illustrative model to predict future levels of the U.S. monthly index of industria ...
INSIDE COMMODITIES LME ALUMINIUM-OUTLOOK
... term, by curbing new investment and further increases in supply from places like the U.S. shale patch or ultra-deepwater, according to the sources, who declined to be identified due to the private nature of the discussions. The conversations with Saudi officials did not offer any specific guidance o ...
... term, by curbing new investment and further increases in supply from places like the U.S. shale patch or ultra-deepwater, according to the sources, who declined to be identified due to the private nature of the discussions. The conversations with Saudi officials did not offer any specific guidance o ...
Opportunities and challenges of fluctuating oil
... persons. The challenge with CEPEP, however, is that it needs to do more to equip workers with a greater stock of skills to enhance their long run employment prospects. As it stands the work is light and productivity is very low. During a downswing in commodity prices, there is the opportunity to tar ...
... persons. The challenge with CEPEP, however, is that it needs to do more to equip workers with a greater stock of skills to enhance their long run employment prospects. As it stands the work is light and productivity is very low. During a downswing in commodity prices, there is the opportunity to tar ...
Oil shocks in the 1970s and how they had impacted on Hong Kong
... and how they had impacted on Hong Kong economy First oil price shock in 1973-1974 Between 1973 and 1974, oil prices more than tripled, triggered by production constraints imposed by OPEC. Given the high oil dependency at that time, this led to severe disruptions to world economic activity. World eco ...
... and how they had impacted on Hong Kong economy First oil price shock in 1973-1974 Between 1973 and 1974, oil prices more than tripled, triggered by production constraints imposed by OPEC. Given the high oil dependency at that time, this led to severe disruptions to world economic activity. World eco ...
Aggregate Demand/Aggregate Supply Model Differences
... will be the effect on the aggregate price level and aggregate output as a result of this price shock? Well, oil prices affect the economy through the input prices that producers have to pay to make the goods and services that people buy, and as the prices rise higher and higher these prices will eve ...
... will be the effect on the aggregate price level and aggregate output as a result of this price shock? Well, oil prices affect the economy through the input prices that producers have to pay to make the goods and services that people buy, and as the prices rise higher and higher these prices will eve ...
A transcript of the energy section of his Canberra talk
... case I would argue they’re producing as much as they can, and yet, we’re flat-lined. What’s going on? The oil industry has changed. In the 1930s, it was just a matter of sticking a hole in the ground. These days, it takes more technology because we have to go to ultra-deep water oil, or to tar sands ...
... case I would argue they’re producing as much as they can, and yet, we’re flat-lined. What’s going on? The oil industry has changed. In the 1930s, it was just a matter of sticking a hole in the ground. These days, it takes more technology because we have to go to ultra-deep water oil, or to tar sands ...
What is the energy
... liquidation of assets without improving the debt-to-GDP ratio (catabolic collapse) ...
... liquidation of assets without improving the debt-to-GDP ratio (catabolic collapse) ...
Economic Research Allianz Group and Dresdner Bank
... Moreover, exploration of oil in non-OPEC countries has significantly helped in reducing the dependence on these sources. In 1973 somewhat over 55 % of the global oil supply originated from the OPEC countries. By 1985, that share was down to an all-time low of 29 % but has since bounced back to some ...
... Moreover, exploration of oil in non-OPEC countries has significantly helped in reducing the dependence on these sources. In 1973 somewhat over 55 % of the global oil supply originated from the OPEC countries. By 1985, that share was down to an all-time low of 29 % but has since bounced back to some ...
WCS price spread impact.pub
... that approximately 1.4 million bbl/d of pipeline expansions will be added from Cushing to the Gulf Coast over the course of 201314. This added capacity should result in the spread between WTI and Brent prices narrowing later this year. Most Alberta oil flows initially to the Chicago area, not Cushin ...
... that approximately 1.4 million bbl/d of pipeline expansions will be added from Cushing to the Gulf Coast over the course of 201314. This added capacity should result in the spread between WTI and Brent prices narrowing later this year. Most Alberta oil flows initially to the Chicago area, not Cushin ...
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.