Oil Prices and Growth

2008 ◽  
Vol 204 ◽  
pp. 39-42 ◽  
Author(s):  
Ray Barrell ◽  
Simon Kirby
Keyword(s):  
Futures Markets ◽  
Oil Prices ◽  
Temporary Increase ◽  
Energy Information Administration ◽  
The Past ◽  
The Us ◽  
Supply Reduction ◽  
The Impact ◽  
Energy Information ◽  
Permanent Increase

Over the past fifteen months oil prices have steadily risen from around $60 a barrel to over $100, as we can see from Figure 1. The projections in our forecast are based on information from futures markets and on projections by the US Energy Information Administration, and as prices have risen there has been increasing evidence that they are considered to be overshooting a sustainable position, as can be seen from our projections for oil prices. Oil prices are expected to fall back to $90 a barrel by the end of 2009. Hence the current oil price shock can be seen as a combination of a temporary increase and a permanent increase in oil prices. The impact of increases in oil prices on growth depends in part on the reasons for the increase, with the effects of supply reduction induced increases in prices being more negative than demand induced increases in prices. A supply reduction involves a loss of revenue for producers as compared to a fixed volume demand induced rise in oil prices, and hence a supply reduction would result in lower levels of imports by oil producers.

The Oil Intensity of Output

2008 ◽  
Vol 205 ◽  
pp. 34-38 ◽  
Author(s):  
Ray Barrell ◽  
Simon Kirby ◽  
Iana Liadze
Keyword(s):  
Fossil Fuels ◽  
Oil Prices ◽  
Real Wages ◽  
Short Term ◽  
Forward Markets ◽  
The Past ◽  
The Us ◽  
The Impact ◽  
Energy Information ◽  
Made In

Since our last forecast in April 2008 there have been further increases in oil prices, as is illustrated in figure 1, which tracks oil price projections in our forecasts this year, and compares them to the projection we made in January and July 2007. Over the past eighteen months oil prices have risen from around $60 per barrel to a currently projected level of $123 in 2009. Oil prices have recently reached a peak of $145.6 a barrel before falling back to around $134. Our projection for the short term is based on those of the US Energy Information Agency and uses information from forward markets as well as an evaluation of supply conditions. In the longer term we presume that real oil prices will rise in line with the real interest rate, as is discussed on pp. 4–7 of this Review. This note looks at the impacts of recent increases in oil prices on the path for real wages by investigating the share of fossil fuels in costs. It also evaluates the impact of the rise in prices since our last forecast, and investigates the impact on oil prices of the growth in demand outside the OECD.

Characterizing the United States Nuclear Used Fuel Inventory Using the Cyclus Fuel Cycle Simulator

2016 ◽  
Author(s):  
Cem Bagdatlioglu ◽  
Robert Flanagan ◽  
Erich Schneider
Keyword(s):  
United States ◽  
Reference Data ◽  
Fuel Cycle ◽  
Nuclear Reactors ◽  
The United States ◽  
Energy Information Administration ◽  
Reactor Modeling ◽  
Cycle Simulation ◽  
The Us ◽  
Energy Information

The used fuel inventory of the United States commercial nuclear fleet has been accumulating since the inception of nuclear reactors. In order to understand the mass and composition of the used fuel inventory, a nuclear fuel cycle simulation package (Cyclus) is used with a reactor modeling tool (Bright-lite). The parameters for the simulation are obtained as historical operation and burnup data for every reactor in the US fleet, taken from the U.S. Energy Information Administration. The historical burnup data is used to calculate the fuel enrichment of every reactor at every refueling. Discharged uranium inventories calculated by the software are shown to closely match the reference data. The total mass of three major actinide groups are presented as they build up over time. In addition, the evolution of the plutonium composition in discharged fuel is also presented, illustrating Cyclus’ ability to track the composition of material flowing through a large, evolving reactor fleet over decades.

Low oil prices will force policy choices on Azerbaijan

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Banking System ◽  
Oil Prices ◽  
Fiscal Consolidation ◽  
Content Type ◽  
Policy Choices ◽  
The Past ◽  
Fiscal Space ◽  
Will Force ◽  
The Impact

Subject The impact of prolonged low oil prices. Significance Hydrocarbons drove rapid economic expansion in the past. The associated increase in income fuelled the growth of domestically oriented sectors, such as trade and construction. Publicly financed infrastructure spending, using the fiscal space created by oil and gas revenues, also contributed. Impacts Sluggish oil production will compound the impact of persistent low oil prices. Fiscal consolidation will also require a stronger focus on the prioritisation of spending. Devaluation has not fully restored competitiveness but is a source of stress for the banking system.

Prospects for renewable energy to end-2017

2017 ◽  
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Electric Power ◽  
Paris Agreement ◽  
Energy Information Administration ◽  
Content Type ◽  
Pull Out ◽  
The Us ◽  
Energy Information

Subject Prospects for renewable energy to end-2017. Significance On June 1, US President Donald Trump's administration announced its intent to pull out of the Paris Agreement on climate change. Later that week, the US Energy Information Administration revealed in a report that renewables set a record of generating 10% of the country’s electric power in the month of March, highlighting that renewable energy has strong momentum that should carry it through shorter term policy fluctuations.

Response Asymmetries in Asian Stock Markets

2005 ◽  
Vol 08 (04) ◽  
pp. 637-657 ◽  
Author(s):  
Shuh-Chyi Doong ◽  
Sheng-Yung Yang ◽  
Thomas C. Chiang
Keyword(s):  
Stock Returns ◽  
Conditional Variance ◽  
Autocorrelation Coefficient ◽  
Conditional Mean ◽  
Asymmetric Effects ◽  
The Past ◽  
The Us ◽  
Mean And Variance ◽  
Conditional Variance Models ◽  
The Impact

This paper examines autocorrelation and cross-autocorrelation patterns for selected Asian stock returns. Special attention is given to examination of Asian stock returns and the impact on them of the past information. By employing a class of asymmetric specification of conditional mean and conditional variance models, we find the autocorrelation coefficient to be negative for the Japanese market and positive for the rest of the Asian markets studied. Our findings suggest that the Asian markets respond sensitively to the US market, especially on the down side. The asymmetric effects are found to be present in both mean and variance equations. The evidence is consistent with behavior in which investors in Asian markets tend to react more significantly to negative stock news originating from US sources than they do to positive news.

The World Economy: The impact of rising oil prices and weak equity markets on global growth

2008 ◽  
Vol 205 ◽  
pp. 8-13
Author(s):  
Ray Barrell
Keyword(s):  
Central Bank ◽  
World Economy ◽  
Financial Innovation ◽  
Oil Prices ◽  
Output Growth ◽  
Sequence Of Events ◽  
The Us ◽  
The World ◽  
The Uk ◽  
The Impact

In interesting times several things may happen simultaneously, and they may have connected roots. The financial turmoil that developed initially in the US banking sector had its roots in financial innovation that had made available cheap finance and increased demand for housing. This wave of low cost finance had spread to Europe, and house prices rose in a correlated way. The increase in demand in the world economy that resulted from strong growth in lending and high asset values helped raise output growth outside the OECD, and this in turn put upward pressure on oil prices. Markets sometimes work slowly, and the effects of the increase in demand on prices appear to be coming through just as the asset bubble is collapsing. The sequence of events was not inevitable, as low personal sector saving in the US and the UK as well as elsewhere could have been offset by tighter fiscal policy, and better prudential regulation of lenders would also definitely have helped. The desire to move financial regulation from the central bank, as in the UK, may have been for good, competition based, reasons, but it has meant that financial sector oversight has not taken account of the macroeconomic implications of a wave of lending that rested on risky financial innovation and therefore it has not properly addressed the issue of systemic risk (see Barrell and Davis, 2005). The resulting financial turmoil has meant that banks have made losses, and have been unable to trust each other's solvency when making deals. As a result three month interbank rates have risen well above central bank intervention rates, as can be seen in figure 1.

TOTAL PRODUCTIVE MAINTENANCE (TPM) NEW TRENDS, ALONG ENERGY FIT PLANT MAINTENANCE PROTOCOLS (2010-2020)

2020 ◽  
Vol 11 (2) ◽  
pp. 79-89
Author(s):  
Jesús David Argueta Moreno
Keyword(s):  
High Performance ◽  
Descriptive Study ◽  
Energy Information Administration ◽  
Total Productive Maintenance ◽  
Plant Operation ◽  
Plant Maintenance ◽  
The Us ◽  
Managerial Implications ◽  
Industrial Maintenance ◽  
Energy Information

The main goal of this descriptive study is to examine the contemporary High-Performance Manufacturing (HPM) Energy Fit Trends that are triggered by the Total Productive Maintenance (TPM) practices, manifest along the different manufacturing scenarios. The data presented on this study, was gathered from various sources, mainly from the Industrial Maintenance & Plant Operation anual report, as well as from the US Energy Informatión Administratión (EIA). This analysis explores several theoretical and managerial implications of the TPM practices and their direct articulation with Energy Fit Plant Maintenance Protocols.

scholarly journals Bridging Generations: Sharing stories from the past with the future

2019 ◽  
Vol 29 (Supplement_4) ◽  
Author(s):  
M Brisbois ◽  
H Silva ◽  
R Soares ◽  
L Cabral ◽  
H Canasta ◽  
...  
Keyword(s):  
Nursing Students ◽  
Narrative Inquiry ◽  
Textile Industry ◽  
Student Nurses ◽  
The United States ◽  
Vulnerable Groups ◽  
The Past ◽  
The Us ◽  
Valuable Method ◽  
The Impact

Abstract Background As the immigration population continues to grow; little is known about this phenomenon from the immigrants’ perspective. In recent years, nurses have embraced narrative inquiry to better understand the human experience. When relaying their stories, vulnerable groups legitimize their behavior, share their emotional experiences, and amplify their voices that may have otherwise remained silent. Objective Eight elderly Portuguese women who immigrated to the United States (US) were interviewed about their experience of immigration by nursing students from Portugal and U.S., as part of a student exchange. The objective of this project was to better understand the impact of immigration through narrative inquiry. Results On average, the women lived in the US for approximately fifty years; immigrating in their early twenties. Most women arrived alone or accompanied by spouse and/or children. Their first memories were related to snow, and solitude of being in a new country. The participants attended classes to obtain documents or learn English. All worked in the textile industry; their greatest accomplishment was buying their own house. Challenges faced were related to language and difficult jobs. Overall, they had no regrets except in leaving family members behind. Their message to the students was that love and family are most important in the world. Students were able to realize emigration and immigration from their respective countries. Conclusions Rich descriptions provided an in-depth understanding of the details of the women’s experience. Student nurses gained valuable skills and knowledge to understand the impact of immigration among Portuguese women using narrative inquiry. Key messages The use of narrative inquiry proved to be a valuable method to interview Portuguese immigrant women. Every immigrant has a unique narrative to share that allowed for nursing student’s appreciation of the experience across generations.

scholarly journals Assessment of the impact of US Energy Policy on world oil prices

2021 ◽  
Vol 69 (4) ◽  
pp. 111
Author(s):  
Larisa G. Chuvakhina ◽  
Nikolai A. Moldenhauer ◽  
Anahita Nasirbeik
Keyword(s):  
United States ◽  
Energy Policy ◽  
Oil And Gas ◽  
Oil Prices ◽  
Clean Energy ◽  
The United States ◽  
Barack Obama ◽  
Green Energy ◽  
The Us ◽  
The Impact

The development of the energy sector in the United States of America (USA) represents a rivalry between two different approaches, which has intensified under the last three American administrations. The competition of approaches is expressed in the confrontation between supporters of energy based on renewable sources and supporters of traditional energy resources. A comparative analysis of changes in the energy sector, depending on the prevalence of a particular approach to energy development, shows that external conditions play a key role in promoting the energy strategy. The strategy of priority development of “green” energy carried out under Barack Obama could not be realized because of the shale boom. As a result, many companies working with renewable energy sources did not stand up to the competition. The opposite approach of Donald Trump’s focus on developing traditional energy resources to ensure US energy security and to increase jobs has been hit by the COVID-19 pandemic, which has virtually nullified the US administration’s efforts under this approach. The current concept of President J. Biden is aimed at continuing the strategy of Barack Obama for the development of “green” energy in the United States. Proponents of this concept hope for the possibility of its at least partial implementation in the absence of a shale boom. The lifting of the embargo on the export of American oil has led to an increase in oil supplies abroad. As of 2018, the United States has overtaken Saudi Arabia in terms of oil and gas exports, taking a leading position in the global oil market. In 2019-2020, the United States retained the first place in the world in oil production. This article examines the conceptual approaches of American administrations to the issue of energy policy and analyzes the statistical data that characterize the traditional and “clean energy” industries. An important factor is the degree of influence of the US energy policy on global oil prices. To analyze this issue, this research uses curved regression equations to assess the impact of US energy policy on world oil prices under the administrations of Barack Obama and Donald Trump. The results of the correlation show that a more effective interaction between the variables was carried out during the presidency of Barack Obama, when Exports of Crude Oil influenced the price dynamics of oil quotes with an inverse relationship. With the arrival of the Biden administration, the strategy started under Obama in favor of developing clean energy was continued. In the context of the spread of covid-19, the growth of crisis phenomena in the national economy, the growth of production costs in the oil and gas industry, and the fall in the world energy prices, the development of green energy can have a certain effect, given the Biden administration’s approach to energy development. The subsequent actions of the Biden administration may offset Trump’s efforts to develop traditional energy to strengthen the economic potential of the United States and strengthen the position of American companies in the global oil market.

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