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Following the collapse of the Soviet Union, Western countries have signed several agreements regarding the use of hydrocarbon resources in the Caspian Basin, with the aim of diversifying their energy suppliers. However, recession in the world economy and persistently low oil prices have...
Persistent link: https://www.econbiz.de/10012110274
China is a rising global power with a growing role and impact on the world's energy markets as well as on the Earth's climate system. China pursues its development in an essentially non-confrontational manner, a vision encapsulated by the notion of peaceful rise which is viewed positively in the...
Persistent link: https://www.econbiz.de/10011392322
(Republican) Governor Wilson and a cartel. They favored price caps. The Clinton administration supported Governor Davis. Ken Lay … Regulator Commission (FERC) opposed price caps and barred state officials from access to tapes proving that there was a cartel …. The facts never supported the “perfect storm” theory. The theory that best fit the facts was that a cartel caused the …
Persistent link: https://www.econbiz.de/10014199069
Energy plays a vital role in the development of any economy and given its unequal distribution trade in energy, especially fossil fuels, is an important component of international trade. In the past, due to its public good characteristics, energy-related services were mostly supplied by the...
Persistent link: https://www.econbiz.de/10003798398
This paper looks at the interrelationship between external shocks and integration processes in the relationship between two relatively small states (Belarus and Ukraine) and their much larger neighbor (Russia). It contrasts Russia’s willingness and ability to use energy as a soft-power...
Persistent link: https://www.econbiz.de/10014205271
The Gas Supply Security Index (GSSI) is used to assess the security of natural gas supply of four gas producing countries in West Africa using five indicators: Gas Intensity, Net Gas Import Dependency, Ratio of Domestic Gas Production to Imports, Gross Inland Consumption and Geopolitical Risk....
Persistent link: https://www.econbiz.de/10012843186
The oil and gas sector is playing an important role in the income generation for the state budget and Russia's trade balance. In 2017, the volumes of crude oil production somewhat fell owing to Russia's commitments to curb production as a result of the oil output cut agreement between some OPEC...
Persistent link: https://www.econbiz.de/10012914891
Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country's balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2012...
Persistent link: https://www.econbiz.de/10013035152
The oil and gas sector is among principal sectors of the Russian economy and is the driving force in shaping the state budget revenues and the trade balance. In 2016, Russia's crude oil production hit an all-time peak since 1990, and crude oil exports were close to an all-time high. Under the...
Persistent link: https://www.econbiz.de/10012952696