Author: Andrei V. Belyi
Publisher: Springer Nature
ISBN: 3030290891
Category : Business & Economics
Languages : en
Pages : 196
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Book Description
This book defines oil price as a social institution that exists beyond supply-demand mechanisms. Discussing oil markets in the context of the broader sociology of prices, it covers a number of theoretical and practical dimensions, such as new market uncertainties and trends, and social perceptions of energy security and of power. Further, based on case studies it explores the implications for OPEC, Russia, and Central and Eastern Europe, as well as for the energy transition and for international investment arbitration. Featuring contributions from leading academics, researchers and business professionals, the book offers an interdisciplinary perspective on the oil price. “This book brings together an impressive team of scholars with fresh perspectives on the oil price. Even as the world attempts energy transition, oil consumption continues and the oil price is likely to become even more unpredictable and unclear than in the past. This book helps make sense of this challenging topic.” -Indra Overland is a Research Professor and Head of Centre for Energy Research, Norwegian Institute of International Affairs (NUPI) “A revealing and multidimensional analysis of oil price fluctuations in a market that seeks less uncertainty. This book discusses market and price evolution in the context of market theories, history and real-time market analysis. A welcome and timely contribution to our understanding of global energy markets.” Dr. Sara Vakhshouri is Founder and President of SVB Energy International and Professor of Energy Security at the Institute of World Politics.
Author:
Publisher:
ISBN: 9783030290900
Category : Electronic books
Languages : en
Pages : 196
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Book Description
This book defines oil price as a social institution that exists beyond supply-demand mechanisms. Discussing oil markets in the context of the broader sociology of prices, it covers a number of theoretical and practical dimensions, such as new market uncertainties and trends, and social perceptions of energy security and of power. Further, based on case studies it explores the implications for OPEC, Russia, and Central and Eastern Europe, as well as for the energy transition and for international investment arbitration. Featuring contributions from leading academics, researchers and business professionals, the book offers an interdisciplinary perspective on the oil price. "This book brings together an impressive team of scholars with fresh perspectives on the oil price. Even as the world attempts energy transition, oil consumption continues and the oil price is likely to become even more unpredictable and unclear than in the past. This book helps make sense of this challenging topic."--Indra Overland is a Research Professor and Head of Centre for Energy Research, Norwegian Institute of International Affairs (NUPI) "A revealing and multidimensional analysis of oil price fluctuations in a market that seeks less uncertainty. This book discusses market and price evolution in the context of market theories, history and real-time market analysis. A welcome and timely contribution to our understanding of global energy markets." Dr. Sara Vakhshouri is Founder and President of SVB Energy International and Professor of Energy Security at the Institute of World Politics.
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.
Author: Farhad Taghizadeh-Hesary
Publisher: Springer Nature
ISBN: 9811967784
Category : Business & Economics
Languages : en
Pages : 970
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Book Description
The Handbook of Energy Policy is a unique and novel reference for addressing the policy implications of energy demand and supply from their economic, political, social, planning, and environmental aspects. The Handbook of Energy Policy provides several studies from the global, regional, national, or local perspectives that are of wider policy significance. Studies provided in this book are of interest to the international organizations, governments, public and private sector entities, local communities, universities, research institutions, and other non-governmental organizations. Topics covered in the Handbook of Energy Policy are including energy security, energy poverty, energy finance, energy pricing, energy and environment, energy and sustainability, energy and growth, energy efficiency, energy trade, technological innovation and energy, energy transition, energy nexus studies, economics, and policy of fossil fuels, economics, and policy of renewable and green energies. The policy recommendations provided in all chapters are supported by a rigorous empirical or theoretical analysis.
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.
Author: Muhammad Asif
Publisher: CRC Press
ISBN: 1000689433
Category : Technology & Engineering
Languages : en
Pages : 525
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Book Description
The global energy scenario is undergoing an unprecedented transition. In the wake of enormous challenges—such as increased population, higher energy demands, increasing greenhouse gas emissions, depleting fossil fuel reserves, volatile energy prices, geopolitical concerns, and energy insecurity issues—the energy sector is experiencing a transition in terms of energy resources and their utilization. This modern transition is historically more dynamic and multidimensional compared to the past considering the vast technological advancements, socioeconomic implications and political responses, and ever-evolving global policies and regulations. Energy insecurity in terms of its critical dimensions—access, affordability, and reliability—remains a major problem hindering the socioeconomic progress in developing countries. The Handbook of Energy Transitions presents a holistic account of the 21st-century energy transition away from fossil fuels. It provides an overview of the unfolding transition in terms of overall dimensions, drivers, trends, barriers, policies, and geopolitics, and then discusses transition in terms of particular resources or technologies, such as renewable energy systems, solar energy, hydropower, hydrogen and fuel cells, electric vehicles, energy storage systems, batteries, digitalization, smart grids, blockchain, and machine learning. It also discusses the present energy transition in terms of broader policy and developmental perspectives. Further, it examines sustainable development, the economics of energy and green growth, and the role of various technologies and initiatives like renewables, nuclear power, and electrification in promoting energy security and energy transition worldwide. Key Features Includes technical, economic, social, and policy perspectives of energy transitions Features practical case studies and comparative assessments Examines the latest renewable energy and low-carbon technologies Explains the connection between energy transition and global climate change
Author: Michelle Michot Foss
Publisher: Springer Nature
ISBN: 3030599833
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
Natural gas markets have undergone momentous changes, worldwide. This book updates and expands on the dynamics, performance and forward path of expanding natural gas use in the US and worldwide, including international trade. It brings together major research themes and findings with recent updates and analysis of new trends and developments. It also explores many considerations for natural gas market development, such as the importance of infrastructure, transparent pricing, and institutional capacity. This book is unique in providing background on the full natural gas value chain as well as information and analysis that can foster scenario-building and decision-making. Of particular value are the lessons learned and demonstrated for those countries that aspire to build effective natural gas markets and to expand natural gas development and use.
Author: Alexander Etkind
Publisher: John Wiley & Sons
ISBN: 1509556591
Category : Political Science
Languages : en
Pages : 88
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Book Description
Putin’s war is a “special operation” against modernity. The invasion has been directed against Ukraine, but the war has a broader target: the modern world of climate awareness, energy transition and digital labor. By trading oil and gas, promoting Trump and Brexit, spreading corruption, boosting inequality and homophobia, subsidizing far-right movements and destroying Ukraine, Putin’s clique aims at suppressing the ongoing transformation of modern societies. Alexander Etkind distinguishes between Russia’s pompous, weaponized paleomodernity, on the one hand, and the lean, decentralized gaiamodernity of the Anthropocene, on the other. Putin’s clique has used various strategies – from climate denialism and electoral interference to war and genocide – to resist and subvert modernity. Working on political, cultural and even demographic levels, social mechanisms convert the vicious energy of the oil curse into all-out aggression. Dissecting these mechanisms, Etkind’s brief but rigorous analyses of social structuration, cultural dynamics and family models reveal the agency that drives the Russian war against modernity. This short, sharp critique of the Russian regime combines political economy, social history and demography to predict the decolonizing and defederating of Russia.
Author: Bassam Fattouh
Publisher:
ISBN: 9781907555008
Category : Petroleum industry and trade
Languages : en
Pages : 59
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Book Description
Author: Jordi Galí
Publisher: University of Chicago Press
ISBN: 0226278875
Category : Business & Economics
Languages : en
Pages : 663
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Book Description
United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
