From wells to windmills: Resource redeployment and new technology investment in the energy sector
Abstract Research Summary This study examines how multi‐business firms redeploy resources following an industry shock. Using the case of oil and gas firms diversified into wind power, I show that firms reduced expenditure in oil and gas—particularly on complex offshore projects—while increasing investment in wind after the 2014 oil price crash.
Aldona Kapacinskaite
wiley +1 more source
The growing interstate rivalry sweeps more and more areas of international relations, including energy issues. While the ‘traditional’ oil and gas exporters are trying to maintain or even strengthen their current positions, new players in the oil and gas
A. Yu. Gasparyan, T. A. Melkonyan
doaj +1 more source
Forecasting OPEC oil price: a comparison of parametric stochastic models [PDF]
Most academic papers on oil price forecasting have frequently focused on the use of WTI and European Brent oil price series with little focus on other equally important international oil price benchmarks such as the OPEC Reference Basket (ORB).
Nwafor, Chioma N., Oyedele, Azeez A.
core +2 more sources
Noncausal AR‐ARCH Model and Its Applications to Financial Time Series
ABSTRACT We extend the noncausal autoregressive models by introducing noncausality into the variance component, allowing the volatility to depend on future prices as well. We refer to this model as the noncausal AR‐ARCH model, and it enables us to account for shocks arising from market agents who possess more information and engage in forward‐looking ...
Yaosong Zhan +3 more
wiley +1 more source
Pengaruh Produksi Minyak Opec, Gdp Manufacture Output, Konsumsi Minyak, dan Net Ekspor Manufaktur terhadap Fluktuasi Harga Minyak Opec (Studi pada 5 Negara Manufaktur Terbesar dan Perbandingannya dengan Indonesia Periode 1980-2015) [PDF]
This study was conducted to determine the effect of OPEC oil production, GDP Manufacture Output, oil consumption, and net manufacturing exports from the 5 largest manufacturing countries and comparison with Indonesia, both long term and short term ...
Angga Leoresta, Master Prayogi +1 more
core
OPEC’s oil exporting strategy and macroeconomic (in)stability [PDF]
Aguiar-Conraria and Wen (2008) argued that dependence on foreign oil raises the likelihood of equilibrium indeterminacy (economic instability) for oil importing countries. We argue that this relation is more subtle.
Luís Aguiar-Conraria, Yi Wen
core +3 more sources
Organization of the Petroleum Exporting Countries (OPEC) [PDF]
Abstract After World War II the United States, Britain, and the Netherlands effectively controlled all → Middle East crude oil production and its distribution throughout the world through their influence over the so-called Seven Sisters comprising Standard Oil of New Jersey (Esso, later replaced by Exxon); British Petroleum (BP, formerly
openaire +2 more sources
A Third Benefit of Joint Non-OPEC Carbon Taxes: Transferring OPEC Monopoly Rent [PDF]
This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC’s monopoly rent and provide benefit to non-OPEC countries provided jointly agreed trigger strategies are adhered to.
John Whalley, Yan Dong
core
The discovery of natural hydrogen—often called gold or white hydrogen—has attracted attention as a potential game‐changer in the hydrogen economy. This study develops a hypothetical economic assessment model for natural hydrogen exploration and production (E&P) projects, built on proxy cost data from oil and natural gas projects due to the absence of ...
Saedaseul Moon +2 more
wiley +1 more source
Onto Exchange Rate's Short Run Impact on Oil Prices Dynamics: An OPEC Members' perspective [PDF]
In this paper, we study the oil price formation for the purpose of understanding price reactions of OPEC member countries to changes in the exchange rate of the US dollar and prices of other members in the short run. The results suggested that there is a
Michel Terraza, Sadek Melhem
core

