The Economics of Oil and Gas

The Economics of Oil and Gas PDF Author: Xiaoyi Mu
Publisher:
ISBN: 9781911116295
Category : BUSINESS & ECONOMICS
Languages : en
Pages :

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Book Description

The Economics of Oil and Gas

The Economics of Oil and Gas PDF Author: Xiaoyi Mu
Publisher:
ISBN: 9781911116295
Category : BUSINESS & ECONOMICS
Languages : en
Pages :

Get Book

Book Description


The Economics of Oil

The Economics of Oil PDF Author: S.W. Carmalt
Publisher: Springer
ISBN: 3319478192
Category : Business & Economics
Languages : en
Pages : 118

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Book Description
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.

Oil Economics and Policy

Oil Economics and Policy PDF Author: Alberto Clo
Publisher: Springer Science & Business Media
ISBN: 1475760612
Category : Business & Economics
Languages : en
Pages : 269

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Book Description
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.

The Economics of Petroleum Supply

The Economics of Petroleum Supply PDF Author: Morris Albert Adelman
Publisher: MIT Press
ISBN: 9780262011389
Category : Business & Economics
Languages : en
Pages : 588

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Book Description
This book brings together his work, written over the past thirty years, on mineral depletion and the nature of monopoly in world oil.

The Economics of the Oil Crisis

The Economics of the Oil Crisis PDF Author: T.M. Rybczynski
Publisher: Springer
ISBN: 134902810X
Category : Political Science
Languages : en
Pages : 237

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Book Description


Petroleum Economics

Petroleum Economics PDF Author: Jean Masseron
Publisher: Editions OPHRYS
ISBN: 9782710810681
Category : Petroleum industry and trade
Languages : en
Pages : 542

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Book Description


Economics of Worldwide Petroleum Production

Economics of Worldwide Petroleum Production PDF Author: Fraser H. Allen
Publisher: Oil & Gas Consultants International, Incorporated
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 608

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Petroleum Economics and Engineering

Petroleum Economics and Engineering PDF Author: M.A. Al-Sahlawi
Publisher: CRC Press
ISBN: 1482277026
Category : Technology & Engineering
Languages : en
Pages : 452

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Book Description
Revised and updated to reflect major changes in the field, this second edition presents an integrated and balanced view of current attitudes and practices used in sound economic decision-making for engineering problems encountered in the oil industry. The volume contains many problem-solving examples demonstrating how economic analyses are applied to different facets of the oil industry.;Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods to the oil industry. It provides information on the types of crude oils, their finished products and resources of natural gas, and also summarizes worldwide oil production and consumption data.

The Economics of Energy Security

The Economics of Energy Security PDF Author: Douglas R. Bohi
Publisher: Springer Science & Business Media
ISBN: 9400918089
Category : Business & Economics
Languages : en
Pages : 155

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Book Description
his volume brings together and expands on research on the subject of energy T security externalities that we have conducted over a twenty-year period. We were motivated to bring this work together by the lack of a comprehensive analysis of the issues involved that was conveniently located in a single document, by the desire to focus that disparate body of research on the assessment of energy security externalities for policy purposes, and by the continuing concern of researchers and policymakers regarding the issues involved. Many misconceptions about energy security continue to persist in spite of a large body of research to the contrary, and we hope that this volume will help to dispel them. Most of our original research was funded by either the U.S. Department of Energy or Resources for the Future (RFF), and all of it was conducted while we served as staff members of RFF. To these institutions, and to the many individuals who commented on our original work, we wish to express our sincere gratitude. We also wish to express our appreciation to our colleague Margaret Walls for her sub stantial contribution to Chapter 7 on transportation policy.

Economics of the Caspian Oil and Gas Wealth

Economics of the Caspian Oil and Gas Wealth PDF Author: Yelena Kalyuzhnova
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
This book explores the economic challenges involved in managing hydrocarbon wealth in the Caspian region, and looks at how to design an optimal energy policy. The book draws on the Author's experience in dealing with the governments of the region, and her knowledge of the role of major companies in the area.