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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
Past episodes of energy insecurity have been fleeting and the fears have been assuaged by market forces or technical change. This paper analyses the nature of the EU's current energy security problems, emphasising the increased importance of natural gas and high level of dependence on Russian...
Persistent link: https://www.econbiz.de/10014198405
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
I examine energy stocks in the context of a diversified investment portfolio. Several factors – the importance of the energy sector, their potential to hedge energy risks, growing interest in real assets, as well as anecdotes of sophisticated investors focusing on energy investments –...
Persistent link: https://www.econbiz.de/10012857550
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