Download or read book Crude Volatility written by Robert McNally and published by Columbia University Press. This book was released on 2017-01-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Oil Prices and the Global Economy written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Crude Oil written by Jim Wells and published by DIANE Publishing. This book was released on 2007-08 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. economy depends heavily on oil, particularly in the transportation sector. World oil production has been running at near capacity to meet demand, pushing prices upward. Concerns about meeting increasing demand with finite resources have renewed interest in an old question: How long can the oil supply expand before reaching a maximum level of production -- a peak -- from which it can only decline? The author: (1) examined when oil production could peak; (2) assessed the potential for transportation technologies to mitigate the consequences of a peak in oil production; & (3) examined fed. agency efforts that could reduce uncertainty about the timing of a peak or mitigate the consequences. Includes recommendations. Charts & tables.

Download or read book The Future of World Oil written by Paul Leo Eckbo and published by . This book was released on 1976 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hubbert s Peak written by Kenneth S. Deffeyes and published by Princeton University Press. This book was released on 2008-09-29 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2001, Kenneth Deffeyes made a grim prediction: world oil production would reach a peak within the next decade--and there was nothing anyone could do to stop it. Deffeyes's claim echoed the work of geophysicist M. King Hubbert, who in 1956 predicted that U.S. oil production would reach its highest level in the early 1970s. Though roundly criticized by oil experts and economists, Hubbert's prediction came true in 1970. In this updated edition of Hubbert's Peak, Deffeyes explains the crisis that few now deny we are headed toward. Using geology and economics, he shows how everything from the rising price of groceries to the subprime mortgage crisis has been exacerbated by the shrinking supply--and growing price--of oil. Although there is no easy solution to these problems, Deffeyes argues that the first step is understanding the trouble that we are in.

Download or read book The Future of Oil and Fiscal Sustainability in the GCC Region written by Mr.Tokhir N Mirzoev and published by International Monetary Fund. This book was released on 2020-02-06 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

Download or read book The Powers That Be written by Scott L. Montgomery and published by University of Chicago Press. This book was released on 2010-07-15 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirty years ago, our global energy landscape did not look remarkably different from what it does today. Three or four decades from now, it certainly will: dwindling oil reserves will clash with skyrocketing demand, as developing nations around the world lead their citizens into the modern energy economy, and all the while, the grave threat of catastrophic climate change looms ever larger. Energy worries are at an all-time high—just how will we power our future? With The Powers That Be, Scott L. Montgomery cuts through the hype, alarmism, and confusion to give us a straightforward, informed account of where we are now, and a map of where we’re going. Starting with the inescapable fact of our current dependence on fossil fuels—which supply 80% of all our energy needs today—Montgomery clearly and carefully lays out the many alternative energy options available, ranging from the familiar, like water and solar, to such nascent but promising sources as hydrogen and geothermal power. What is crucial, Montgomery explains, is understanding that our future will depend not on some single, wondrous breakthrough; instead, we should focus on developing a more diverse, adaptable energy future, one that draws on a variety of sources—and is thus less vulnerable to disruption or failure. An admirably evenhanded and always realistic guide, Montgomery enables readers to understand the implications of energy funding, research, and politics at a global scale. At the same time, he doesn’t neglect the ultimate connection between those decisions and the average citizen flipping a light switch or sliding behind the wheel of a car, making The Powers That Be indispensible for our ever-more energy conscious age.

Download or read book The Essence of Oil Gas Depletion written by Colin John Campbell and published by . This book was released on 2003 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil and Gas are finite fossil fuels from the geological past that are inevitably subject to depletion. Eventually we must run out, but what matters more is the inevitable peak of production when growth gives way to decline. The wider implications of this historic discontinuity are colossal. Understanding depletion is not difficult, but public data on production and reserves are very unreliable. This book attempts to present more realistic estimates and definitions than are available elsewhere. Colin Campbell, author of the highly acclaimed "The Coming Oil Crisis," is a leading member of the growing number of experts whose models of depletion show that the world will reach peak within about ten years. After peak comes increasing scarcity, as production can no longer meet demand. The implications for Mankind are huge, opening an entirely new world.

Download or read book International Energy Outlook written by and published by . This book was released on 1986 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Peaking of World Oil Production written by Robert Louis Hirsch and published by Nova Science Publishers. This book was released on 2007 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. Dealing with world oil production peaking will be extremely complex, involve literally trillions of dollars and require many years of intense effort. To explore these complexities, three alternative mitigation scenarios are analysed: scenario I assumes that action is not initiated until peaking occurs; scenario II assumes that action is initiated 10 years before peaking; scenario III assumes action is initiated 20 years before peaking. For this analysis estimates of the possible contributions of each mitigation option were developed, based on an assumed crash program rate of implementation.

Download or read book Peeking at Peak Oil written by Kjell Aleklett and published by Springer Science & Business Media. This book was released on 2012-05-19 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term “Peak Oil” was born in January 2001 when Colin Campbell formed the Association for the Study of Peak Oil & Gas (ASPO). Now, Peak Oil is used thousands of times a day by journalists, politicians, industry leaders, economists, scientists and countless others around the globe. Peak Oil is not the end of oil but it tells us the end is in sight. Anyone interested in food production, economic growth, climate change or global security needs to understand this new reality. In Peeking at Peak Oil Professor Kjell Aleklett, President of ASPO International and head of the world’s leading research group on Peak Oil, describes the decade-long journey of Peak Oil from extremist fringe theory to today’s accepted fact: Global oil production is entering terminal decline. He explains everything you need to know about Peak Oil and its world-changing consequences from an insider’s perspective. In simple steps, Kjell tells us how oil is formed, discovered and produced. He uses science to reveal the errors and deceit of national and international oil authorities, companies and governments too terrified to admit the truth. He describes his personal involvement in the intrigues of the past decade. What happens when a handful of giant oil fields containing two thirds of our planet’s oil become depleted? Will major oil consumers such as the EU and US face rationing within a decade? Will oil producing nations conserve their own oil when they realize that no one can export oil to them in the future? Does Peak Oil mean Peak Economic Growth? If you want to know the real story about energy today and what the future has in store, then you need to be “Peeking at Peak Oil”.

Download or read book Handbook of Research on Strategic Management for Current Energy Investments written by Yüksel, Serhat and published by IGI Global. This book was released on 2021-06-11 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy has a wide range of uses within a country, includin socially and economically. Providing everything from warmth and light to raw materials for industrial production, energy is an essential need for countries. Due to the importance of energy for countries, energy policies are extremely vital, and energy needs to be affordable, eco-friendly, and continuous so countries can provide for their people and continue to develop industrially. Without the availability of energy that is cheap and continuous, the effectiveness in the energy supply process will be reduced, and society will experience difficulties in having its daily energy needs met. The Handbook of Research on Strategic Management for Current Energy Investments analyzes current trends in energy production and use and identifies energy investment strategies in order to support affordable and available energy for all. Chapters within the book cover technological developments that contribute to the reduction of price in energy production as well as renewable energy sources that provide continuity in energy production but do not emit carbon into the atmosphere. This book highlights topics that cover environmental pollution, energy pricing, economic growth, carbon dioxide emission, and energy management. It is ideal for engineers, technicians, managers, researchers, academicians, policymakers, government officials, and students in related fields.

Download or read book The Future of Global Oil Production written by Roger D. Blanchard and published by McFarland. This book was released on 2005-11-23 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of the future of global oil production and its implications, this illustrated book examines U.S. capacity followed by a look at the production futures of oil-producing regions: Western Europe, Mexico and Canada, South and Central America, Asia, the Middle East, the former Soviet Union, and Africa. Alternatives to oil are also discussed.

Download or read book Achieving the Paris Climate Agreement Goals written by Sven Teske and published by Springer. This book was released on 2019-02-01 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book presents detailed pathways to achieve 100% renewable energy by 2050, globally and across ten geographical regions. Based on state-of-the-art scenario modelling, it provides the vital missing link between renewable energy targets and the measures needed to achieve them. Bringing together the latest research in climate science, renewable energy technology, employment and resource impacts, the book breaks new ground by covering all the elements essential to achieving the ambitious climate mitigation targets set out in the Paris Climate Agreement. For example, sectoral implementation pathways, with special emphasis on differences between developed and developing countries and regional conditions, provide tools to implement the scenarios globally and domestically. Non-energy greenhouse gas mitigation scenarios define a sustainable pathway for land-use change and the agricultural sector. Furthermore, results of the impact of the scenarios on employment and mineral and resource requirements provide vital insight on economic and resource management implications. The book clearly demonstrates that the goals of the Paris Agreement are achievable and feasible with current technology and are beneficial in economic and employment terms. It is essential reading for anyone with responsibility for implementing renewable energy or climate targets internationally or domestically, including climate policy negotiators, policy-makers at all levels of government, businesses with renewable energy commitments, researchers and the renewable energy industry. Part 2 of this title can be found at this Link: https://link.springer.com/book/10.1007/978-3-030-99177-7

Download or read book The Future of Oil written by Sanjay Patel and published by . This book was released on 2012-01-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's not about Dirty Oil or Ethical Oil. It's about the Future of Oil Unless we are able to increase the global oil supply, we face a bleak future of depleting reserves and ever-rising energy prices. Since conventional oil reserves are dwindling, we have no alternative but to increasingly rely on unconventional oil, and for political, economic, and environmental reasons, the Canadian oil sands of-fer the very best unconventional oil we can get. Never before has a book offered an insider's view of this controversial industry. The Future of Oil objectively considers economic necessity and the nature of current technological limitations to arrive at a series of connec-ted and inescapable conclusions. The transition to an age of cleaner energy production is necessary and in-evitable, but we cannot yet live without oil. Oil must have a future, or we do not have one, and the oil sands of Canada are the centrepiece of that future. The Future of Oil is a clear, concise, yet complete guide to the Canadian oil sands industry. It does not sugar-coat the hard facts and cuts through the "Dirty Oil" and "Ethical Oil" debate by objectively presenting the argu-ments of oil sands critics and proponents alike. Most of all, The Future of Oil offers, for the first time, an invalu-able insider's view of a crucial energy debate that will be with us for some time to come.

Download or read book Introduction to the Global Oil Gas Business written by Samuel Van Vactor and published by PennWell. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: To the casual observer, the oil business seems constant and unchanging. Most gasoline stations have done away with attendant services, and credit cards are accepted directly at the pump, but drive-in access and brand names remain largely as they have been for generations. The faade, however, is just that; it is like the false front of a Western town put in place to make everything seem bigger and grander than it really is. The familiarity of the oil industry's retail outlets masks extraordinary changes in how the industry engages in its four primary sectors of activity: finding and producing crude oil, transportation, refining, and marketing.