The volatility in oil prices since the early 1970s is a remarkable feature of energy economics. Annual fluctuations in the oil price level, as measured by the absolute value of year-to-year price changes, averaged only 1% in the 1949–1970 period; from 1970 to date, these fluctuations increased dramatically, reaching an order of magnitude of 30% per year. Even in the relatively stable period from 1986 to 1997, oil prices were more volatile than other primary commodities. (more…)
In the post-World War II period, until the beginning of the 1970s, oil price fluctuations were very small. From 1949 to 1970, a ...
The focus of this section is on the quantitative assessment of the impact of oil price fluctuations on inflation. For that purp ...
The evolution of oil prices is typically subject to a very high degree of uncertainty, given the extremely volatile nature of c ...
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydro ...
There are many possible reasons for suspecting market failure in a product like gasoline. Throughout the world, the exploration ...
For years it was out of desperation that observers have advised and viewed of American energy policy and geopolitical risks regarding American obsession with oil. United States have become very sensitive to permanent events in the Gulf region. But the great surprise was the American public seems quite happy to give thousands of young soldiers in a desert war against other nation with huge cost inline. (more…)
Tanker transportation and oil transport functions as an important link to facilitate the flow of oil and products from their li ...
The entire concept of energy independence revolves around using the resources within a country. Simply put, it's "Stay within ...
In the post-World War II period, until the beginning of the 1970s, oil price fluctuations were very small. From 1949 to 1970, a ...
Natural gas is the fastest growing energy source worldwide, and its share of total energy consumption, according to the EIA, is ...
Here, the sensitivity of energy demand to climate is measured two ways. The first method uses elasticities that provide simple summ ...
