Author: United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Conservation and RegulationPublisher:
ISBN:
Category : Government publications
Languages : en
Pages : 128
Book Description
Review of Crude Oil Pricing Issues
Author: United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Conservation and RegulationPublisher:
ISBN:
Category : Government publications
Languages : en
Pages : 128
Book Description
Energy Security and Policy
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 136
Book Description
California Crude Oil
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 46
Book Description
Oil Markets in Turmoil
Author: Philip K. VerlegerPublisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 336
Book Description
Crude Volatility
Author: Robert McNallyPublisher: Columbia University Press
ISBN: 0231543689
Category : Business & Economics
Languages : en
Pages : 336
Book Description
As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.
Oil Imports and Energy Security
Author: United States. Congress. House. Committee on Banking and Currency. Ad Hoc Committee on the Domestic and International Monetary Effect of Energy and Other Natural Resource PricingPublisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 236
Book Description
Problems of Cost Analysis in the Petroleum Industry
Author: Wallace Francis LovejoyPublisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 136
Book Description
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R KpodarPublisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
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.
Oil Market Developments and Issues
Author: International Monetary Fund. Policy Development and Review Dept.Publisher: International Monetary Fund
ISBN: 1498331777
Category : Business & Economics
Languages : en
Pages : 57
Book Description
The discussion in this paper of the causes and consequences of recent oil price increases, and the appropriate policy response, is framed by the volatility and uncertainty that characterize the oil market. Volatile prices arise from supply and demand that are both highly inelastic in the short run, with the result that even small shocks can have large effects on price. The difficulty of predicting long-run supply and demand creates uncertainty about future prices. Further, even current supply and demand data are lacking, which results in additional uncertainty. These features of uncertainty and volatility of prices make it difficult to reach simple conclusions about how oil producers and consumers should respond to price changes.
Review and Outlook for the World Oil Market
Author: Shane S. StreifelPublisher: World Bank Publications
ISBN: 9780821334430
Category : Business & Economics
Languages : en
Pages : 174
Book Description
After the collapse of the Soviet system, the immense problems of environmental pollution in Central and Eastern Europe were widely publicized. Less well known were its effects on health in the region, which have led to a serious health crisis. This report examines the degree to which the pollution adversely affected human health, putting it in the context of other health determinants such as socioeconomic factors, health care standards and availability, and lifestyle factors. Among the numerous pollutants, the report points to lead, dust, toxic gases, and nitrates in rural water supplies as having a significant impact on health in Central and Eastern Europe. The author suggests possible avenues for international action. However, an analysis of the determinants of health reveals that addressing the pollution problems alone will not solve the health crisis. Improving health in this region will depend on the changing economic fortunes of individual countries and the ability of each to create a supportive social environment for its citizens.