The long-term prospects for the U.K. economy are inevitably uncertain, and the most recent Department of Energy long-term projection puts forward three scenarios for the next 30 years with GDP growth rates of roughly 2.5, 1.5 and 0.5% p.a. The highest value corresponds to slightly less than the 1948 - 72 average, the central value is close to the long-run average over the last 80 years, and the lowest figure is similar to the performance during the current recession since 1973. (more…)
Following the recent completion of three nuclear power plants, there is now some 9.6 GW of nuclear capacity in the United Kingd ...
Global energy consumption in the last half century has increased very rapidly and is expected to continue to grow over the next ...
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydro ...
Energy is consumed by various segments of the economy, including households, commercial establishments, manufacturing enterpris ...
World energy use has increased steadily over the past several decades. Much of the growth in world energy consumption has been ...
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydrocarbon refining and marketing) businesses as well as related activities such as chemicals, and their R&D activities serve the needs of these businesses. During the past decade or so, the R&D spending of oil and gas firms has generally declined. According to a DOE survey, R&D spending by major energy producers within the United States declined from $3.05 billion in 1994 to $1.33 billion in 2000. Although not true of all producers internationally, the broad global trend over the past decade or so seems to be along similar lines. (more…)
Tanker transportation and oil transport functions as an important link to facilitate the flow of oil and products from their li ...
The focus of this section is on the quantitative assessment of the impact of oil price fluctuations on inflation. For that purp ...
Various provisions in the federal income tax treat energy producers more or less favorably than other businesses. By changing t ...
The evolution of oil prices is typically subject to a very high degree of uncertainty, given the extremely volatile nature of c ...
There are many possible reasons for suspecting market failure in a product like gasoline. Throughout the world, the exploration ...
