Oil Economics and Policy

Oil Economics and Policy
Author: Alberto Clo
Publsiher: Springer Science & Business Media
Total Pages: 269
Release: 2013-03-09
Genre: Business & Economics
ISBN: 9781475760613

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In 20th century society, oil has played a fundamental role not only from the economic point of view, but also from the point of view of the political relationships established between major Western countries and oil-producing countries. A survey into oil history, its market dynamics and price evolution, is essential for a deeper understanding of modern industry and world economy, as world development depends on oil supplies, prices, and its political accessibility. Oil Economics and Policy follows the historical development of the oil industry, and inevitably also covers many aspects of energy resource economy. In so doing, it pays particular attention to one aspect, namely, the fixing of oil prices. This is mainly in order to attempt to understand whether, and by how much, the structural transformations that the oil industry has undergone during the various phases of its existence - and the various market structures deriving from them - have influenced the dynamics of oil prices. Alberto Clô is Professor of Industrial Economics at the University of Bologna. Minister of Industry and Trade during Lamberto Dini's government (January 1995-May 1996), he has been a member both of national and international scientific boards and of ministerial committees. He is author of numerous writings on industrial and energy economies and editor-in-chief of the journal Energia.

Oil Or Industry

Oil Or Industry
Author: Terry Barker,Vladimir Brailovsky
Publsiher: London ; Toronto : Academic Press
Total Pages: 344
Release: 1981
Genre: Science
ISBN: STANFORD:36105039250589

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The Economics and Politics of Oil Price Regulation

The Economics and Politics of Oil Price Regulation
Author: Joseph P. Kalt
Publsiher: Cambridge, Mass. : MIT Press
Total Pages: 360
Release: 1981
Genre: Petroleum
ISBN: STANFORD:36105037701773

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Monetary Policy and the Oil Market

Monetary Policy and the Oil Market
Author: Naoyuki Yoshino,Farhad Taghizadeh-Hesary
Publsiher: Springer
Total Pages: 143
Release: 2016-03-04
Genre: Business & Economics
ISBN: 9784431557975

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While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices, including oil prices. However, this book presents a framework for modeling oil prices while incorporating monetary policy. It also provides a complete theoretical basis of the determinants of crude oil prices and the transmission channels of oil shocks to the economy. Moreover, using several up-to-date surveys and examples from the real world, this book gives insight into the empirical side of energy economics. The empirical studies offer explanations for the impact of monetary policy on crude oil prices in different periods including during the subprime mortgage crisis of 2008–2009, the impact of oil price variations on developed and emerging economies, the effectiveness of monetary policy in the Japanese economy incorporating energy prices, and the macroeconomic impacts of oil price movements in trade-linked cases. This must-know information on energy economics is presented in a reader-friendly format without being overloaded with excessive and complicated calculations. enUsed="false" QFormat="true" Name="Subtle Emphasis"/>

Energy Economics and Policy

Energy Economics and Policy
Author: James M. Griffin,Henry B. Steele
Publsiher: Elsevier
Total Pages: 412
Release: 2013-09-25
Genre: Business & Economics
ISBN: 9781483257730

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Energy Economics and Policy, Second Edition presents a unified analysis of energy economics and energy policy. This book deals with energy economics. It discusses the dimension of the energy problem—the role of energy in economic development, energy consumption patterns, energy supply, and oil prices. In dealing with equilibrium of energy demand and supply, the authors note that efficiency and equity considerations should be considered simultaneously using the income tax or welfare system to redress burdens imposed on the poor. The authors also analyze OPEC behavior and oil prices and notes six keys to the long-run viability of OPEC and their implications for future prices in oil. The authors present the environmental issues in energy development and the economics of pollution control. The authors cite the efficiency of low-cost emitters that receive incentives to control more compared to high-cost emitters. As regards conservation schemes, the authors note that prorationing polices seek to remedy symptoms of over drilling, excessive production, and flaring of natural gas—instead of addressing unified and efficient contracting systems. This book can prove beneficial to economists, environmentalists, and policy makers involved in oil and energy regulation and use.

The Economics of Oil and Gas

The Economics of Oil and Gas
Author: Xiaoyi Mu
Publsiher: Unknown
Total Pages: 135
Release: 2020
Genre: BUSINESS & ECONOMICS
ISBN: 1911116290

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The Economics of Oil

The Economics of Oil
Author: S.W. Carmalt
Publsiher: Springer
Total Pages: 118
Release: 2016-12-26
Genre: Business & Economics
ISBN: 9783319478197

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This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived “fracking revolution,” but enough to be able to claim that “peak oil” was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy./div”Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In today’s economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, “tight oil” and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. “Drill baby drill” and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable.

The Economics of the Oil Crisis

The Economics of the Oil Crisis
Author: T.M. Rybczynski
Publsiher: Springer
Total Pages: 237
Release: 1976-06-18
Genre: Political Science
ISBN: 9781349028108

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