International Energy Outlook

International Energy Outlook PDF Author:
Publisher:
ISBN:
Category : Energy consumption
Languages : en
Pages : 74

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Book Description

International Energy Outlook

International Energy Outlook PDF Author:
Publisher:
ISBN:
Category : Energy consumption
Languages : en
Pages : 74

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Book Description


Oil Prices and the Global Economy

Oil Prices and the Global Economy PDF Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1475572360
Category : Business & Economics
Languages : en
Pages : 30

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Book Description
This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

The Distributional Implications of the Impact of Fuel Price Increases on Inflation PDF Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34

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Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

National Petroleum News

National Petroleum News PDF Author:
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 1304

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Book Description


Crude Oil

Crude Oil PDF Author: Jim Wells
Publisher: DIANE Publishing
ISBN: 9781422315767
Category : Business & Economics
Languages : en
Pages : 82

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Book Description
The U.S. economy depends heavily on oil, particularly in the transportation sector. World oil production has been running at near capacity to meet demand, pushing prices upward. Concerns about meeting increasing demand with finite resources have renewed interest in an old question: How long can the oil supply expand before reaching a maximum level of production -- a peak -- from which it can only decline? The author: (1) examined when oil production could peak; (2) assessed the potential for transportation technologies to mitigate the consequences of a peak in oil production; & (3) examined fed. agency efforts that could reduce uncertainty about the timing of a peak or mitigate the consequences. Includes recommendations. Charts & tables.

News Shocks in Open Economies

News Shocks in Open Economies PDF Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1513590766
Category : Business & Economics
Languages : en
Pages : 54

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Book Description
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.

Complexity, Security and Civil Society in East Asia

Complexity, Security and Civil Society in East Asia PDF Author: Peter Hayes
Publisher: Open Book Publishers
ISBN: 1783741120
Category : Political Science
Languages : en
Pages : 270

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Book Description
Complexity, Security and Civil Society in East Asia offers the latest understanding of complex global problems in the region, including nuclear weapons, urban insecurity, energy, and climate change. Detailed case studies of China, North and South Korea, and Japan demonstrate the importance of civil society and ‘civic diplomacy’ in reaching shared solutions to these problems in East Asia and beyond. Each chapter describes regional civil society initiatives that tackle complex challenges to East Asia’s security. In doing so, the book identifies key pressure points at which civil society can push for constructive changes¯especially ones that reduce the North Korean threat to its neighbors. Unusually, this book is both theoretical and practical. Complexity, Security and Civil Society in East Asia presents strategies that can be led by civil society and negotiated by its diplomats to realize peace, security, and sustainability worldwide. It shows that networked civic diplomacy offers solutions to these urgent issues that official ‘complex diplomacy’ cannot. By providing a new theoretical framework based on empirical observation, this volume is a must read for diplomats, scholars, students, journalists, activists, and individual readers seeking insight into how to solve the crucial issues of our time.

Current Analysis of Petroleum Supplies for First Quarter 1974

Current Analysis of Petroleum Supplies for First Quarter 1974 PDF Author: United States. Congress. Senate. Committee on Interior and Insular Affairs
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 164

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Book Description


Global Implications of Lower Oil Prices

Global Implications of Lower Oil Prices PDF Author: Mr.Aasim M. Husain
Publisher: International Monetary Fund
ISBN: 151357227X
Category : Business & Economics
Languages : en
Pages : 41

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Book Description
The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

Oil 101

Oil 101 PDF Author: Morgan Downey
Publisher: WOODEN TABLE PressLLC
ISBN: 9780982039205
Category : Petroleum as fuel
Languages : en
Pages : 0

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Book Description
"Since 1859, oil has enabled and defined our economic, social and political landscape. Throughout this time, abundant supply ensured low, stable prices and the inner workings of the oil industry remained relatively obscure. Following a century and a half of relative calm, oil prices have become much more volatile as the sustainability and growth of reliable supply sources have been brought into question. This book provides a guide to oil; from its history, to sources of supply and drivers of demand; from how prices are determined daily in global wholesale oil markets, to how those markets are connected to prices at the pump." -- Book jacket.