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 ...
The evolution of oil prices is typically subject to a very high degree of uncertainty, given the extremely volatile nature of conditions that affect prices. Information on the future of oil prices is, however, extremely important for market operators as well as for central banks. Central banks, in particular, have a forward-looking perspective, attaching a very important role to inflation forecasts. This uncertainty tends to reinforce the importance of the relationship between oil prices and inflation, independently of estimates of the effects of a permanent change in oil prices on inflation and how to forecast oil prices. Two alternative technical assumptions on oil prices are worth mentioning: (more…)
The focus of this section is on the quantitative assessment of the impact of oil price fluctuations on inflation. For that purp ...
The volatility in oil prices since the early 1970s is a remarkable feature of energy economics. Annual fluctuations in the oil ...
In the post-World War II period, until the beginning of the 1970s, oil price fluctuations were very small. From 1949 to 1970, a ...
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 concentrated on the use of fossil fuels (oil, natural gas, and coal). This trend is expected to continue over the foreseeable future. Industrially mature nations will continue to rely on fossil fuels to meet their energy needs for all end uses, but the greatest rate of energy use is projected to occur in the emerging economies of the developing world. (more…)
Global energy consumption in the last half century has increased very rapidly and is expected to continue to grow over the next ...
There are various and somewhat complementary reasons to foster the growth of renewable energy sources in Europe. A major incent ...
Following the recent completion of three nuclear power plants, there is now some 9.6 GW of nuclear capacity in the United Kingd ...
The relationship of gross national product per capita to energy consumption per capita for most countries of the world correlat ...
Geographers researching the development of nuclear power have shifted emphasis from commercialization, cost, risk, public acceptanc ...
