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strong impact on both world and European energy markets. In particular, lower U.S. gas and coal prices have changed relative … energy prices both at home and abroad. Finally, competitiveness impacts in some (sub)sectors will be considerable. These …
Persistent link: https://www.econbiz.de/10010422070
Starting in late 2008, the U.S. production of tight oil surged, causing a renaissance in the U.S. oil sector that few … industry analysts had anticipated. This tight oil boom reduced the dependence of the United States on petroleum imports and … allowed it to become a major exporter of gasoline and diesel fuel. Since mid-2014 the global real price of crude oil has …
Persistent link: https://www.econbiz.de/10011615967
This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil … exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil … products made from domestically produced crude oil have caused Arab oil exports to the rest of the world to decline. Third, the …
Persistent link: https://www.econbiz.de/10011422578
In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model … endogenously accounts for periods where oil and natural gas temporarily decouple due to gas specific pricing. We show that gas … the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …
Persistent link: https://www.econbiz.de/10010212645
Why have policies aimed at reducing the demand for carbon not succeeded in slowing down global carbon extraction and CO2 emissions, and why have carbon prices failed to increase over the last three decades? This comment argues that this is because of the Green Paradox, i.e. - (the anticipation...
Persistent link: https://www.econbiz.de/10010528868
analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of … European NUTS2 and NUTS3 regions. We show that the reversal of fortune of coal regions resulted from the second energy … transition. Specifically, an "oil invasion" in the early 1960s turned regional coal abundance from a blessing into a curse. Human …
Persistent link: https://www.econbiz.de/10014442780
This paper presents a two-sector green endogenous growth model to explore a mechanism that explains why carbon-intensive capital is not necessarily shut down during transition to a green economy. Without accumulating clean capital to offset carbon emissions, a tightening of climate regulation...
Persistent link: https://www.econbiz.de/10012383739
applied modules they use for representing sectoral energy and emission characteristics and dynamics. The purpose is to provide … technical insight into recent advances in the modelling of current and future energy and abatement technologies and how they can … be used to make baseline projections and scenarios 20-80 years ahead. In order to represent likely energy system …
Persistent link: https://www.econbiz.de/10012157959
green the energy matrix on retail electricity prices are first order. CO2 permit prices strongly impact electricity prices …, as do the prices of source energy commodities. And carbon permit prices' impact has clearly increased post-2021 … (particularly for baseload prices). Among energy sources, natural gas has the largest effect on electricity prices. Importantly, the …
Persistent link: https://www.econbiz.de/10013262773
This analysis seeks to understand whether changes in oil regulation brought about by the shale revolution have …
Persistent link: https://www.econbiz.de/10011853142