Download or read book Rising Oil Prices Executive Branch Policy and U S Security Implications June 29 2000 written by United States. Congress. Senate. Committee on Governmental Affairs and published by . This book was released on 2000 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Prices to 2000 written by Michael C. Lynch and published by . This book was released on 1989 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book World Energy Demand and Crude Oil Prices to the Year 2000 written by David Pearce and published by . This book was released on 1980 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding Oil Prices written by Salvatore Carollo and published by John Wiley & Sons. This book was released on 2011-11-22 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: It’s a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people – including politicians, financial analysts and pundits – will respond with a tired litany of reasons ranging from increased Chinese and Indian competition for diminishing resources and tensions in the Middle East, to manipulation by OPEC and exorbitant petrol taxes in the EU. Yet the facts belie these explanations. For instance, what really happened in late 2008 when, in just a few weeks, oil prices plummeted from $144 dollars to $37 dollars a barrel? Did Chinese and Indian demand suddenly dry up? Did Middle East conflicts magically resolve themselves? Did OPEC flood the market with crude? In each case the answer is a definitive no – quite the opposite in fact. Industry expert Salvatore Carollo explains that the truth behind today’s increasingly volatile oil market is that over the past two decades oil prices have come untethered from all classical notions of supply and demand and have transcended any country’s, consortium’s, cartel’s, or corporate entity’s powers to control them. At play is a subtler, more complex game than most analysts realise (or are unwilling to admit to), a very dangerous game involving runaway financial speculation, self-defeating government policymaking and a concerted disinvestment in refinery capacity among the oil majors. In Understanding Oil Prices Carollo identifies the key players in this dangerous game, exploring their competing interests and motivations, their moves and countermoves. Beginning with the 1976 oil embargo and moving through the 1986 Chernobyl incident, the implementation of the US Clean Air Act Amendments of 1990, and the precipitous expansion of the oil futures market since the turn of the century, he traces the vast structural changes which have occurred within the oil industry over the past four decades, identifying their economic, social and geopolitical drivers, and analysing their fallout in the global economy. He explores the oil industry’s decision to scale down refining capacity in the face of increasing demand and the effects of global shortages of petrol, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants and other essential finished products, and describes how, beginning in the year 2000, the oil futures market detached itself almost completely from the crude market, leading to the assetization of oil, and the crippling impact reckless speculation in oil futures has had on the global economy. Finally he proposes new, more sophisticated models that economists and financial analysts can use to make sense of today’s oil market, while offering industry leaders and government policymakers prescriptions for stabilising the market to ensure a relatively steady flow of affordable oil. A concise, authoritative guide to understanding the complex, oft misunderstood oil markets, Understanding Oil Prices is an important resource for energy market participants, commodity traders and investors, as well as business journalists and government policymakers alike.
Download or read book Oil Prices and Inflation Dynamics Evidence from Advanced and Developing Economies written by Sangyup Choi and published by International Monetary Fund. This book was released on 2017-09-05 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation increases, on average, domestic inflation by about 0.4 percentage point on impact, with the effect vanishing after two years and being similar between advanced and developing economies. We also find that the effect is asymmetric, with positive oil price shocks having a larger effect than negative ones. The impact of oil price shocks, however, has declined over time due in large part to a better conduct of monetary policy. We further examine the transmission channels of oil price shocks on domestic inflation during the recent decades, by making use of a monthly dataset from 2000 to 2015. The results suggest that the share of transport in the CPI basket and energy subsidies are the most robust factors in explaining cross-country variations in the effects of oil price shocks during the this period.
Download or read book Oversight of Rising Oil Prices and the Efficiency and Effectiveness of Executive Branch Response Part II written by United States. Congress. Senate. Committee on Governmental Affairs and published by . This book was released on 2000 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rising Oil Prices Executive Branch Policy and U S Security Implications written by United States. Congress. Senate. Committee on Governmental Affairs and published by . This book was released on 2000 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Coping With High Oil Prices written by and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Owing to a tightness in crude oil supply and accelerated drawdown of oil inventories, the price of home heating oil in the Northeast and diesel fuel rose sharply during the winter of 1999-2000. Gasoline prices soon followed. In the weeks prior to a scheduled late March meeting in Vienna, some Organization of Petroleum Exporting Countries (OPEC) producers indicated an inclination to raise production, but there was no firm consensus how much they might be inclined to boost it, or what the schedule for these increases would be. In the meantime, concerns were raised that additional production might reach markets too late to ward off even higher prices for gasoline in the spring and summer. The Clinton Administration resisted any high profile intervention that would affect prices, preferring instead to try to persuade OPEC to agree to raise the oil production targets that had been agreed to in March 1999. Secretary of Energy Richardson met with a number of oil ministers in late February and March 2000, indicating that producing nations were recognizing the jeopardy to the world economy of prolonged high prices and volatility. On March 28, 2000, OPEC agreed to boost production. While some expect production worldwide to increase roughly 2.0 million barrels daily as a result, many continue to press for action from Congress and the Administration that would provide some relief from high prices, and forestall a similar doubling in fuel prices in the future. Among these have been: lifting a portion of the federal excise tax on gasoline - or all of it, if the price exceeds a specified threshold (S. 2285, H.R. 3749, H.R. 4111); assistance to domestic producers, and reconsideration of opening up the Arctic National Wildlife Refuge (ANWR) to leasing; legislation to impose sanctions on nations determined by the President to be engaged in oil price fixing (H.R. 3822); sanctions language was dropped before House passage, March 22 (382-38); drawdown, or a ''swap'' of oil from the Strategic Petroleum Reserve (SPR), an option which the Administration has strongly resisted; establishment of a regional reserve of home heating oil (S. 2047, H.R. 3608), endorsed by the President on March 18, 2000, and passed by the House on April 12, 2000, in H.R. 2884; approving an additional $600 million in emergency funds (H.R. 3908) for the Low Income Home Energy Assistance Program (LIHEAP). Some argue that intervention in markets to affect prices is unwarranted in the present situation, and that high prices are temporary and are, in the meantime, attracting product to where it is needed.
Download or read book Annual Energy Outlook 2000 written by Mary J. Hutzler and published by DIANE Publishing. This book was released on 2000-07 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents forecasts of energy supply, demand, and prices through 2020. The report begins with an "Overview". The next section, "Legislation and Regulations," describes the assumptions made with regard to laws that affect energy markets and discusses evolving legislative and regulatory issues. "Issues in Focus" discusses current energy issues -- appliance standards, gasoline and diesel fuel standards, natural gas industry expansion, competitive electricity pricing, renewable portfolio standards, and carbon emissions. It is followed by the analysis of energy market trends. Extensive charts, tables, and graphs.
Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Rising Oil Prices Executive Branch Policy and U S Security Implications written by United States. Congress. Senate. Committee on Governmental Affairs and published by Agriculture Department. This book was released on 2000 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book H R 3822 the Oil Price Reduction Act of 2000 written by United States. Congress. House. Committee on International Relations and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding Oil Prices written by Salvatore Carollo and published by John Wiley & Sons. This book was released on 2011-12-27 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: It’s a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people – including politicians, financial analysts and pundits – will respond with a tired litany of reasons ranging from increased Chinese and Indian competition for diminishing resources and tensions in the Middle East, to manipulation by OPEC and exorbitant petrol taxes in the EU. Yet the facts belie these explanations. For instance, what really happened in late 2008 when, in just a few weeks, oil prices plummeted from $144 dollars to $37 dollars a barrel? Did Chinese and Indian demand suddenly dry up? Did Middle East conflicts magically resolve themselves? Did OPEC flood the market with crude? In each case the answer is a definitive no – quite the opposite in fact. Industry expert Salvatore Carollo explains that the truth behind today’s increasingly volatile oil market is that over the past two decades oil prices have come untethered from all classical notions of supply and demand and have transcended any country’s, consortium’s, cartel’s, or corporate entity’s powers to control them. At play is a subtler, more complex game than most analysts realise (or are unwilling to admit to), a very dangerous game involving runaway financial speculation, self-defeating government policymaking and a concerted disinvestment in refinery capacity among the oil majors. In Understanding Oil Prices Carollo identifies the key players in this dangerous game, exploring their competing interests and motivations, their moves and countermoves. Beginning with the 1976 oil embargo and moving through the 1986 Chernobyl incident, the implementation of the US Clean Air Act Amendments of 1990, and the precipitous expansion of the oil futures market since the turn of the century, he traces the vast structural changes which have occurred within the oil industry over the past four decades, identifying their economic, social and geopolitical drivers, and analysing their fallout in the global economy. He explores the oil industry’s decision to scale down refining capacity in the face of increasing demand and the effects of global shortages of petrol, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants and other essential finished products, and describes how, beginning in the year 2000, the oil futures market detached itself almost completely from the crude market, leading to the assetization of oil, and the crippling impact reckless speculation in oil futures has had on the global economy. Finally he proposes new, more sophisticated models that economists and financial analysts can use to make sense of today’s oil market, while offering industry leaders and government policymakers prescriptions for stabilising the market to ensure a relatively steady flow of affordable oil. A concise, authoritative guide to understanding the complex, oft misunderstood oil markets, Understanding Oil Prices is an important resource for energy market participants, commodity traders and investors, as well as business journalists and government policymakers alike.
Download or read book Gas Prices written by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations and published by . This book was released on 2002 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Annual Energy Outlook 2000 With Projections to 2020 written by and published by DIANE Publishing. This book was released on with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Petroleum Prices and Supply to 2000 written by and published by . This book was released on 1987 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
