NRDC: Keystone XL Pipeline - Undermining U.S. Energy Security
... to the Gulf Coast market, where oil prices are higher, approving the pipeline would actually increase the price of oil in the American Midwest. Building Keystone XL would increase the cost of Canadian oil in the United States. Western Canadian crude supplies over twelve percent of oil refined in the ...
... to the Gulf Coast market, where oil prices are higher, approving the pipeline would actually increase the price of oil in the American Midwest. Building Keystone XL would increase the cost of Canadian oil in the United States. Western Canadian crude supplies over twelve percent of oil refined in the ...
Understanding the Plunge in Oil Prices: Sources and
... second half of 2014, it became apparent that supply disruptions from conflict in the Middle East had unwound, or did not materialize as expected. In Libya, despite the internal conflict, production recovered by 0.5 million barrels per day (about ½ percent of global production) in the third quarter o ...
... second half of 2014, it became apparent that supply disruptions from conflict in the Middle East had unwound, or did not materialize as expected. In Libya, despite the internal conflict, production recovered by 0.5 million barrels per day (about ½ percent of global production) in the third quarter o ...
reserve base lending and the outlook for shale oil and gas finance
... US oil production rose 74 percent, from 5.4 million barrels per day in 2009 to 9.4 million barrels per day in 2015,1 with shale oil driving more than 92 percent of the growth.2 The rapid expansion of shale oil and gas production in the United States from 2009 to 2014 has been associated with a perio ...
... US oil production rose 74 percent, from 5.4 million barrels per day in 2009 to 9.4 million barrels per day in 2015,1 with shale oil driving more than 92 percent of the growth.2 The rapid expansion of shale oil and gas production in the United States from 2009 to 2014 has been associated with a perio ...
Shale oil: the next energy revolution
... fast-growing emerging economies6. The IEA forecasts a 19% increase in global oil production by 2035, as compared to a 28% increase forecast by the EIA7 (which is not that large a difference given the uncertainties involved in any such long-term projections). The EIA and IEA’s average global oil pric ...
... fast-growing emerging economies6. The IEA forecasts a 19% increase in global oil production by 2035, as compared to a 28% increase forecast by the EIA7 (which is not that large a difference given the uncertainties involved in any such long-term projections). The EIA and IEA’s average global oil pric ...
Shale oil: the next energy revolution The long term impact of
... fast-growing emerging economies6. The IEA forecasts a 19% increase in global oil production by 2035, as compared to a 28% increase forecast by the EIA7 (which is not that large a difference given the uncertainties involved in any such long-term projections). The EIA and IEA’s average global oil pric ...
... fast-growing emerging economies6. The IEA forecasts a 19% increase in global oil production by 2035, as compared to a 28% increase forecast by the EIA7 (which is not that large a difference given the uncertainties involved in any such long-term projections). The EIA and IEA’s average global oil pric ...
Shale oil: the next energy revolution The long term impact of
... fast-growing emerging economies6. The IEA forecasts a 19% increase in global oil production by 2035, as compared to a 28% increase forecast by the EIA7 (which is not that large a difference given the uncertainties involved in any such long-term projections). The EIA and IEA’s average global oil pric ...
... fast-growing emerging economies6. The IEA forecasts a 19% increase in global oil production by 2035, as compared to a 28% increase forecast by the EIA7 (which is not that large a difference given the uncertainties involved in any such long-term projections). The EIA and IEA’s average global oil pric ...
Oil Price Increase - Philippine Institute of Development Studies
... products were increased for quite a number of rounds. In January 1999, the average price of diesel fuel was P7.90 per liter. To date, it is averaging P12.58 per liter; an increase of 59 percent over the period. Similarly, pump price of gasoline products increased by about 46 percent. Because of the ...
... products were increased for quite a number of rounds. In January 1999, the average price of diesel fuel was P7.90 per liter. To date, it is averaging P12.58 per liter; an increase of 59 percent over the period. Similarly, pump price of gasoline products increased by about 46 percent. Because of the ...
Modeling Oil Prices and Their Effects
... rates) simply because there is no oil to be shipped, not because consumers’ demand for oil has decreased. (2) Attacks on shipping in the Persian Gulf may raise the insurance premium for tankers (and hence tanker rates). The same applies to transportation surcharges, as tankers are ...
... rates) simply because there is no oil to be shipped, not because consumers’ demand for oil has decreased. (2) Attacks on shipping in the Persian Gulf may raise the insurance premium for tankers (and hence tanker rates). The same applies to transportation surcharges, as tankers are ...
gcc market overview and economic outlook 2017: a
... and focus on high return projects for capital re-investment. • Oil consumption. Brexit and the Chinese economy slowdown are key factors driving uncertainty on the evolution of oil demand and, consequently, of oil price. • Federal reserve impact. An increase in interest rates would make USD more at ...
... and focus on high return projects for capital re-investment. • Oil consumption. Brexit and the Chinese economy slowdown are key factors driving uncertainty on the evolution of oil demand and, consequently, of oil price. • Federal reserve impact. An increase in interest rates would make USD more at ...
Energy Prices and Aggregate Economic Activity
... shock in the 1970s and finds no relationship between industry activity and energy intensity and no consistent impact of the oil price shocks. He concludes that the obvious explanation of the negative impact of higher prices on output is tight monetary policy. He observes that monetary policy was ti ...
... shock in the 1970s and finds no relationship between industry activity and energy intensity and no consistent impact of the oil price shocks. He concludes that the obvious explanation of the negative impact of higher prices on output is tight monetary policy. He observes that monetary policy was ti ...
Oil Price Shocks Effect on Economic Growth
... Crude oil is arguably one of the most important commodities in today’s industrialised economy, as it represents a crucial energy source for many countries. Its price has been subject to various fluctuations throughout time, commencing in the 1970’s when the world experienced its first substantial mo ...
... Crude oil is arguably one of the most important commodities in today’s industrialised economy, as it represents a crucial energy source for many countries. Its price has been subject to various fluctuations throughout time, commencing in the 1970’s when the world experienced its first substantial mo ...
Energy Economics – II Jeffrey Frankel Harpel Professor, Harvard
... (2) to avoid cronyism in investments. ...
... (2) to avoid cronyism in investments. ...
Creeping Inflation: How much of a concern?
... levels and inflation volatility of the worldwide shocks we have observed in the past years tends to be heterogeneous across countries. In particular: Inflation seems to have responded more to the price shocks in countries that still exhibit a higher degree of inflation persistence. Inflation vol ...
... levels and inflation volatility of the worldwide shocks we have observed in the past years tends to be heterogeneous across countries. In particular: Inflation seems to have responded more to the price shocks in countries that still exhibit a higher degree of inflation persistence. Inflation vol ...
Saudi Arabia's Evolving Growth Mechanism: Patterns Derived from Cointegration Analysis Looney, R.E.
... Long-run equilibrium patterns Fortunately, over the past few years, important advances have been inade in cointegration techniques to estimate long-run relationships (Cuthbertson, Hall et al. 1992). The basic idea of cointegration is that two or more variables may be regarded as defining a long-run ...
... Long-run equilibrium patterns Fortunately, over the past few years, important advances have been inade in cointegration techniques to estimate long-run relationships (Cuthbertson, Hall et al. 1992). The basic idea of cointegration is that two or more variables may be regarded as defining a long-run ...
On the Sources of Oil Price Fluctuations Deren ÜNALMIŞ
... There are a few features of our model that are worth emphasizing. First, we incorporate oil demand in a relatively simple manner as in Blanchard and Gali (2008), while it is this simplicity that allows us to get analytical insights into both the causes and the international transmission mechanism of ...
... There are a few features of our model that are worth emphasizing. First, we incorporate oil demand in a relatively simple manner as in Blanchard and Gali (2008), while it is this simplicity that allows us to get analytical insights into both the causes and the international transmission mechanism of ...
Understanding the Large Negative Impact of Oil Shocks
... prices are used in simulations, then following the sharp increase in oil prices in 1973-74, both Finn’s and Rotemberg and Woodford’s models predict an immediate recession that will last throughout the entire 1970s without recovery. Such a prediction contradicts what we see in Figure 1. This paper pr ...
... prices are used in simulations, then following the sharp increase in oil prices in 1973-74, both Finn’s and Rotemberg and Woodford’s models predict an immediate recession that will last throughout the entire 1970s without recovery. Such a prediction contradicts what we see in Figure 1. This paper pr ...
Publication - Oxford Institute for Energy Studies
... balances, but because it signaled a potential shift in tactic, which, if it had succeeded, could have been the start of more cooperation between producers. 10 The attempt to freeze output has failed so far for a variety of reasons, but the Doha talks showed that the sharp declines in the oil price i ...
... balances, but because it signaled a potential shift in tactic, which, if it had succeeded, could have been the start of more cooperation between producers. 10 The attempt to freeze output has failed so far for a variety of reasons, but the Doha talks showed that the sharp declines in the oil price i ...
Document
... currently passing through the challenging phases of economic interdependence as the development of non-oil sectors is on high priority; The another motivation of this study comes from the recent change in oil outlook of global economy; Until, now US economy was largest importer of oil but after th ...
... currently passing through the challenging phases of economic interdependence as the development of non-oil sectors is on high priority; The another motivation of this study comes from the recent change in oil outlook of global economy; Until, now US economy was largest importer of oil but after th ...
WORLD ENERGY
... Half total energy investment is needed in developing countries – where financing will be hardest Production accounts for the bulk of investment – more than half just to replace old capacity ...
... Half total energy investment is needed in developing countries – where financing will be hardest Production accounts for the bulk of investment – more than half just to replace old capacity ...
Do crude oil price changes affect economic growth of
... empirical analyses the impacts of input prices on economic growth with a focus on UK manufacturing in seventies. They concluded that higher prices of raw materials particularly oil had significantly affected the economic growth of UK. Hamilton (1983) using VAR analysis concluded that recessions prio ...
... empirical analyses the impacts of input prices on economic growth with a focus on UK manufacturing in seventies. They concluded that higher prices of raw materials particularly oil had significantly affected the economic growth of UK. Hamilton (1983) using VAR analysis concluded that recessions prio ...
Do Oil Shocks Drive Business Cycles? - Economic Research
... variable can be used to re‡ect expansion or recession. In these models, the transition between phases is governed by a constant probability process that is not in‡uenced by other macroeconomic forces. For the purposes of policy, however, it may be bene…cial to determine which forces –if any –in‡uenc ...
... variable can be used to re‡ect expansion or recession. In these models, the transition between phases is governed by a constant probability process that is not in‡uenced by other macroeconomic forces. For the purposes of policy, however, it may be bene…cial to determine which forces –if any –in‡uenc ...
Should Iraq Dollarize, Adopt a Currency Board or Let Its Currency
... currency is not central to this analysis. Rather, this analysis will focus on the reasons why the long-term use of the dollar – or the adoption of a strict currency board – would complicate the economic management of a major oil exporter. Managing oil dependence With the world’s second largest prove ...
... currency is not central to this analysis. Rather, this analysis will focus on the reasons why the long-term use of the dollar – or the adoption of a strict currency board – would complicate the economic management of a major oil exporter. Managing oil dependence With the world’s second largest prove ...
2005-10-10 Barclays Rome
... higher wages to compensate for oil and gasoline price increase, the central bank cannot abstain from warning that this would lead to a vicious scenario and to a worse outcome for all. Calls to wage moderation and avoidance of pass-through are therefore to be expected in such cases. ...
... higher wages to compensate for oil and gasoline price increase, the central bank cannot abstain from warning that this would lead to a vicious scenario and to a worse outcome for all. Calls to wage moderation and avoidance of pass-through are therefore to be expected in such cases. ...
3 – The impact of lower oil prices on the UK economy
... expand or contract. If wages rise in a sector that benefits from the fall in the oil price, then we can expect workers to move into this sector to gain from the wage rise. The model also assumes a temporary loss in productivity to take into account the fact that people need to be retrained when movi ...
... expand or contract. If wages rise in a sector that benefits from the fall in the oil price, then we can expect workers to move into this sector to gain from the wage rise. The model also assumes a temporary loss in productivity to take into account the fact that people need to be retrained when movi ...
PDF
... As far as Uganda is concerned, the component of retail prices of oil was demystified and its one-off affects on the economy can be explored. The spiral of higher oil prices has driven retail prices to record highs. The Government has made it clear to the market and consumers that there is nothing it ...
... As far as Uganda is concerned, the component of retail prices of oil was demystified and its one-off affects on the economy can be explored. The spiral of higher oil prices has driven retail prices to record highs. The Government has made it clear to the market and consumers that there is nothing it ...
1973 oil crisis
The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of the OPEC plus Egypt and Syria) proclaimed an oil embargo. By the end of the embargo in March 1974, the price of oil had risen from $3 per barrel to nearly $12. The oil crisis, or ""shock"", had many short-term and long-term effects on global politics and the global economy. It was later called the ""first oil shock"", followed by the 1979 oil crisis, termed the ""second oil shock.""