scholarly journals Oil Crisis (Oil Price Revolution) of 1973 and the United States’ Response to the Crisis: The International Energy Agency

2021 ◽  
Vol 22 (1) ◽  
2016 ◽  
Vol 2 (3) ◽  
pp. 37-53
Author(s):  
Yves Rocha De Salles Lima ◽  
Tatiane Stellet Machado ◽  
Joao Jose de Assis Rangel

The objetive of this work is to analyze the variation of CO2 emissions and GDP per capita throughout the years and identify the possible interaction between them. For this purpose, data from the International Energy Agency was collected on two countries, Brazil and the one with the highest GDP worldwide, the United States. Thus, the results showed that CO2 emissions have been following the country’s economic growth for many years. However, these two indicators have started to decouple in the US in 2007 while in Brazil the same happened in 2011. Furthermore, projections for CO2 emissions are made until 2040, considering 6 probable scenarios. These projections showed that even if the oil price decreases, the emissions will not be significantly affected as long as the economic growth does not decelerate.


2002 ◽  
Vol 124 (08) ◽  
pp. 41-45 ◽  
Author(s):  
Harry Hutchinson

This article focuses on the US Energy Information Administration estimates that coal generates 34 percent of the world's electricity today and will still account for more than 30 percent in 2020. The backers of coal say that systems can be—and must be—developed to make coal more efficient to burn and less troublesome to the biosphere. The United States is also a supporter of the International Energy Agency and is one of the member countries that support IEA Coal Research, a program based in London. The plan for a gasification plant feeding a combined-cycle generating station is still in the demonstration stage in the United States. Although the process squeezes more efficiency out of coal and scores points for cleaner air and corporate goodwill, prospective buyers have yet to form a line around the block. New sources in Venezuela, which has South America’s mother lode of petroleum, have come onto the market, and competition is driving down coke prices.


1978 ◽  
Vol 32 (4) ◽  
pp. 929-951 ◽  
Author(s):  
Robert O. Keohane

Major decisions of the International Energy Agency (IEA), such as those that established the emergency management system or minimum selling price for imported oil, have been made through a process of interstate bargaining, in which the United States is the most influential actor. A core group, including the IEA secretariat and Germany as well as the United States, has dominated the politics of the organization. Policy implementation, however, has been carried out largely through the national review process of the IEA, which involves a good deal of transgovernmental politics: coalitions between the secretariat and national government agencies, or among those agencies, are frequently important. Transgovernmental networks in the IEA provide opportunities for the exercise of influence by the secretariat. Nevertheless, they are not an unmixed blessing for the organization, since its significance in world politics continues to depend on the support of powerful governments.


Author(s):  
S. A. Zolina ◽  
I. A. Kopytin ◽  
O. B. Reznikova

In 2018 the United States surpassed Saudi Arabia and Russia to become the largest world oil producer. The article focuses on the mechanisms through which the American shale revolution increasingly impacts functioning of the world oil market. The authors show that this impact is translated to the world oil market mainly through the trade and price channels. Lifting the ban on crude oil exports in December 2015 allowed the United States to increase rapidly supply of crude oil to the world oil market, the country’s share in the world crude oil exports reached 4,4% in 2018 and continues to rise. The U.S. share in the world petroleum products exports, on which the American oil sector places the main stake, reached 18%. In parallel with increasing oil production the U.S. considerably shrank crude oil import that forced many oil exporters to reorient to other markets. Due to high elasticity of tight oil production to the oil price increases oil from the U.S. has started to constrain the world oil price from above. According to the majority of authoritative forecasts, oil production in the U.S. will continue to increase at least until 2025. Since 2017 the tendency to the increasing expansion of supermajors into American unconventional oil sector has become noticeable, what will contribute to further strengthening of the U.S. position in the world oil market and accelerate its restructuring.  


2019 ◽  
Vol 50 ◽  
pp. 51-55 ◽  
Author(s):  
Aviral Kumar Tiwari ◽  
Juncal Cunado ◽  
Abdulnasser Hatemi-J ◽  
Rangan Gupta

2019 ◽  
Vol 9 (2) ◽  
pp. 93 ◽  
Author(s):  
Raíssa Moreira Lima Mendes Musarra ◽  
Hirdan K. de Medeiros Costa

The paper proposes the presentation of the public participation item in the regulatory standards of CCS in Australia, Canada, the European Union, the United Kingdom and the United States and their possible relations with the Brazilian configuration. The choice of territories is due to the existence of the item in its legal norms and or regulations. The standards available from the International Energy Agency (IEA) database on Carbon Capture, Transport and Storage were used. The methodology used is the comparative, cumulatively with the deductive method, assuming that public participation is a fundamental issue for the governance of CCS activities and that Brazil, when inserting such activities into its code, should take into account the adoption of the best practices of public participation, which, in addition to being consultative, provides deliberative powers to citizens.


2011 ◽  
Vol 51 (1) ◽  
pp. 411
Author(s):  
Noll Moriarty

Accurate forecasts for medium-term commodity prices are essential for resource companies committing to large capital expenditures. The inaccuracy of conventional forecasting methods is well known because they tend to be extrapolations of the current price trend. The inevitable reversal catches many by surprise. This paper demonstrates that medium-term (2–5 years) commodity prices are not strongly linked to economic health and commodity demand-supply, but are instead inversely controlled by supply-demand for the United States dollar (USD) and consequent valuation. P90, P50 and P10 projection bounds for future valuation of the USD are presented based on the successful probabilistic techniques of the petroleum exploration industry. This allows probabilistic projections for the oil price, which is inversely related to the USD valuation. I show that the USD is significantly undervalued at present. Probabilistic projection of the USD valuation indicates that likely appreciation will put downward pressure on commodity prices for the next 2–5 years. If the USD premise is correct, likely appreciation of the dollar during the next 2–5 years will hold stable, or even decrease, oil price to around USD $50 BBL. This is a contrary expectation to most forecasts—one which, if it eventuates, should give cause for reflection before committing to large capital expenditures. Further investigation could examine the extent to which the USD valuation can be modelled as a fractal phenomenon. If so, it would mean the USD valuation is not driven by conventional economic fundamentals; instead, it is a semi-random number series with serial correlation. If true, probabilistic forecasts of the USD can be significantly improved, hence that of medium-term commodity prices.


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