Author: Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1012
Book Description
Oil News
Author: Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1012
Book Description
News Shocks in Open Economies
Author: Mr. Rabah ArezkiPublisher: International Monetary Fund
ISBN: 1513590766
Category : Business & Economics
Languages : en
Pages : 54
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.
National Petroleum News
Author: Petroleum Refiner Including Oil and Gas News
Author: The National News
Author: Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 252
Book Description
Michigan Oil and Gas
Author: Jack R. WestbrookPublisher: Arcadia Publishing
ISBN: 9780738540566
Category : History
Languages : en
Pages : 130
Book Description
Michigan is commonly recognized as a manufacturing center and for its splendid tourist attractions. Lesser known is Michigan's role as a leader in the production of oil and gas. Since the discovery of commercial quantities of oil in Saginaw in 1925, Michigan has grown to become the 12th-largest natural gas and 17th-largest crude oil producer of the 34 states producing oil and gas. Michigan's petroleum heritage spans 64 of the state's 68 Lower Peninsula counties and has played a role in shielding communities from the financial devastation of the Great Depression, funding acquisition of hundreds of public recreation projects through the Michigan Natural Resources Trust Fund, and rising to meet environmental challenges through improving technologies. Michigan Oil and Gas documents that heritage with photographs from the Clarke Historical Library Norman X. Lyon and Michigan Oil & Gas News Collections.
The New Map
Author: Daniel YerginPublisher: Penguin
ISBN: 0698191056
Category : Business & Economics
Languages : en
Pages : 544
Book Description
A Wall Street Journal besteller and a USA Today Best Book of 2020 Named Energy Writer of the Year for The New Map by the American Energy Society “A master class on how the world works.” —NPR Pulitzer Prize-winning author and global energy expert, Daniel Yergin offers a revelatory new account of how energy revolutions, climate battles, and geopolitics are mapping our future The world is being shaken by the collision of energy, climate change, and the clashing power of nations in a time of global crisis. Out of this tumult is emerging a new map of energy and geopolitics. The “shale revolution” in oil and gas has transformed the American economy, ending the “era of shortage” but introducing a turbulent new era. Almost overnight, the United States has become the world's number one energy powerhouse. Yet concern about energy's role in climate change is challenging the global economy and way of life, accelerating a second energy revolution in the search for a low-carbon future. All of this has been made starker and more urgent by the coronavirus pandemic and the economic dark age that it has wrought. World politics is being upended, as a new cold war develops between the United States and China, and the rivalry grows more dangerous with Russia, which is pivoting east toward Beijing. Vladimir Putin and China's Xi Jinping are converging both on energy and on challenging American leadership, as China projects its power and influence in all directions. The South China Sea, claimed by China and the world's most critical trade route, could become the arena where the United States and China directly collide. The map of the Middle East, which was laid down after World War I, is being challenged by jihadists, revolutionary Iran, ethnic and religious clashes, and restive populations. But the region has also been shocked by the two recent oil price collapses--and by the very question of oil's future in the rest of this century. A master storyteller and global energy expert, Daniel Yergin takes the reader on an utterly riveting and timely journey across the world's new map. He illuminates the great energy and geopolitical questions in an era of rising political turbulence and points to the profound challenges that lie ahead.
The Oil Curse
Author: Michael L. RossPublisher: Princeton University Press
ISBN: 0691159637
Category : Political Science
Languages : en
Pages : 314
Book Description
Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
National Petroleum News
Author: Gulf Coast Oil News
Author: Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 1630
Book Description
Vols. for 1946-47 include as sect. 2 of a regular no., World oil atlas.