Convergence and Divergence of Crude Oil and Natural Gas Prices

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (954 download)

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Book Synopsis Convergence and Divergence of Crude Oil and Natural Gas Prices by : George M. Romagus

Download or read book Convergence and Divergence of Crude Oil and Natural Gas Prices written by George M. Romagus and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This research investigates the possibility that WTI crude oil and Henry Hub natural gas prices share a stable link. Economic theory suggests that the two commodities are linked by both supply and demand given that the commodities can be coproduced and many consumers have the ability to switch between the fuels. In general, it would appear that the two commodities support this theory with natural gas prices tracking crude oil prices fairly well until late 2008. However, since the end of 2008 the two price series have diverged and appear to move independently of each other. Reduced fuel switching capabilities in U.S. industry and electric power generation coupled with increased technology and production from shale formations have potentially changed the driving force behind natural gas prices. However, a severe recession has impacted world economies over the same time period making the cause of the disparity between crude oil and natural gas prices unclear. Therefore, this research analyzed the possible long-term link between the two commodities over two timeframes. Using an error correction model that includes exogenous factors affecting the short-run dynamics of natural gas prices over the period January 1999 through September 2008, I find evidence of a long-run cointegrating relationship between natural gas and crude oil prices. Additionally, crude oil prices are found to be weakly exogenous to the system, suggesting causality runs from crude oil to natural gas prices. Extending this series through February 2012 yields much weaker evidence of a cointegrating relationship and provides evidence for the decoupling crude oil and natural gas prices.

Crude Oil

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ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Crude Oil by : United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Competition Policy, and Consumer Rights

Download or read book Crude Oil written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Competition Policy, and Consumer Rights and published by . This book was released on 2004 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Energy for the 21st Century

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781005885
Total Pages : 508 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Energy for the 21st Century by : Susan L. Sakmar

Download or read book Energy for the 21st Century written by Susan L. Sakmar and published by Edward Elgar Publishing. This book was released on 2013-04-01 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔProfessor SakmarÕs book is a must-read for anyone interested in gaining a better understanding of the most dynamic segment of the global energy industry.Õ Ð Jay Copan, Executive Director, LNG 17 ÔProfessor SakmarÕs book provides a well-rounded overview of the global role that natural gas is expected to play in the future and the important role of LNG as a means of transporting gas to where it is needed. Readers will find the book to be a very convenient compendium of relevant global information and an important educational, informational resource.Õ Ð Ronald D. Ripple, Director, Centre for Research in Energy and Minerals Economics, Curtin University, Australia ÔUnderstanding global energy markets Ð what forces shape them and what trends define them Ð is critical for any professional trying to evaluate new energy developments and technological directions. Susan SakmarÕs impressive ability to provide this context in terms of LNG markets makes her book valuable.Õ Ð Warren R. True, Sr., Chief Technology Editor, Oil & Gas Journal ÔWith clear and direct text, supplemented with key maps, charts and graphics from government, industry and other sources, the book moves the reader smoothly through the early history of LNG up to current developments, including shale gas and North American LNG exports. The book is a valuable resource for anyone interested in understanding global gas markets and the energy policy challenges facing us in the 21st century.Õ Ð Jacqueline L. Weaver, A.A. White Professor of Law, University of Houston Law Center, US Countries around the world are increasingly looking to liquefied natural gas (LNG) Ð natural gas that has been cooled until it forms a transportable liquid Ð to meet growing energy demand. Energy for the 21st Century provides critical insights into the opportunities and challenges LNG faces, including its potential role in a carbon-constrained world. This comprehensive study covers topics such as the LNG value chain, the historical background and evolution of global LNG markets, trading and contracts, and an analysis of the various legal, policy, safety and environmental issues pertaining to this important fuel. Additionally, the author discusses emerging issues and technologies that may impact global LNG markets, such as the development of shale gas, the prospects of North American LNG exports, the potential role of the Gas Exporting Countries Forum and floating LNG. The author contextualizes the discussion about the importance of LNG with an analysis of why the 21st century will be the Ôgolden ageÕ of natural gas. Accessible and non-technical in nature, this timely book will serve as an essential reference for practitioners, scholars and anyone else interested in 21st century energy solutions.

The Role of Market Speculation in Rising Oil and Gas Prices

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Role of Market Speculation in Rising Oil and Gas Prices by :

Download or read book The Role of Market Speculation in Rising Oil and Gas Prices written by and published by . This book was released on 2006 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil and Gas Pricing

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Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (77 download)

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Book Synopsis Oil and Gas Pricing by : World Bank. Energy Department

Download or read book Oil and Gas Pricing written by World Bank. Energy Department and published by . This book was released on 1984 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Climate Policy in a Globalizing World

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Publisher : Springer Science & Business Media
ISBN 13 : 9783540443759
Total Pages : 328 pages
Book Rating : 4.4/5 (437 download)

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Book Synopsis Climate Policy in a Globalizing World by : Katrin Springer

Download or read book Climate Policy in a Globalizing World written by Katrin Springer and published by Springer Science & Business Media. This book was released on 2002 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Shrinking Pond?

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Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (21 download)

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Book Synopsis A Shrinking Pond? by : Michael Stoppard

Download or read book A Shrinking Pond? written by Michael Stoppard and published by . This book was released on 2007 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Simultaneous Equation Model for World Crude Oil and Natural Gas Markets

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451860511
Total Pages : 24 pages
Book Rating : 4.8/5 (65 download)

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Book Synopsis A Simultaneous Equation Model for World Crude Oil and Natural Gas Markets by : Noureddine Krichene

Download or read book A Simultaneous Equation Model for World Crude Oil and Natural Gas Markets written by Noureddine Krichene and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-02-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of demand for both crude oil and natural gas, which explains the market power of oil producers and price volatility following shocks. The paper establishes a relationship between oil prices, changes in the nominal effective exchange rate (NEER) of the U.S. dollar, and the U.S. interest rates, thereby identifying demand shocks arising from monetary policy. Both interest rates and the NEER are shown to influence crude prices inversely. The results imply that crude oil prices should be included in the policy rule equation of an inflation targeting model.

Handbook of Natural Gas Transmission and Processing

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Publisher : Gulf Professional Publishing
ISBN 13 : 0123869145
Total Pages : 830 pages
Book Rating : 4.1/5 (238 download)

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Book Synopsis Handbook of Natural Gas Transmission and Processing by : Saeid Mokhatab

Download or read book Handbook of Natural Gas Transmission and Processing written by Saeid Mokhatab and published by Gulf Professional Publishing. This book was released on 2012-07-02 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt: A unique, well-documented, and forward-thinking work, the second edition of Handbook of Natural Gas Transmission and Processing continues to present a thoroughly updated, authoritative, and comprehensive description of all major aspects of natural gas transmission and processing. It provides an ideal platform for engineers, technologists, and operations personnel working in the natural gas industry to get a better understanding of any special requirements for optimal design and operations of natural gas transmission pipelines and processing plants. First book of its kind that covers all aspects of natural gas transmission and processing Provides pivotal updates on the latest technologies, which have not been addressed in-depth in any existing books Offers practical advice for design and operation based on sound engineering principles and established techniques Examines ways to select the best processing route for optimal design of gas-processing plants Contains new discussions on process modeling, control, and optimization in gas processing industry

Will Natural Gas Prices Decouple From Oil Prices Across the Pond?

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Publisher : International Monetary Fund
ISBN 13 : 1455266442
Total Pages : 23 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Will Natural Gas Prices Decouple From Oil Prices Across the Pond? by : Mr.Reinout De Bock

Download or read book Will Natural Gas Prices Decouple From Oil Prices Across the Pond? written by Mr.Reinout De Bock and published by International Monetary Fund. This book was released on 2011-06-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe’s key gas suppliers. Taking into account total gas exports and cyclical conditions in partner countries, we find that gas prices remain linked to oil prices, though the nexus has loosened. Both high oil prices and a modest industrial recovery in partner countries have kept gas exports at low levels in recent years, suggesting changing market forces. The paper then shows how such shifts can have important macroeconomic implications for a big gas exporter such as Algeria.

The Development of Crude Oil and Natural Gas Prices and the Energy Security of the European Union

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.8/5 (911 download)

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Book Synopsis The Development of Crude Oil and Natural Gas Prices and the Energy Security of the European Union by : Saleh Mothana Obadi

Download or read book The Development of Crude Oil and Natural Gas Prices and the Energy Security of the European Union written by Saleh Mothana Obadi and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In this book, the researchers focused on the accurate analysis of the developments, events, and turns that each of the oil and gas markets have gone through since the beginning of the seventies of the twentieth century. They took advantage of their long experience as economists to independently analyze the factors driving oil and gas prices and the role of the main players in these two markets in influencing supply and demand based on quantitative and qualitative analysis, using time series analysis and mathematical models to obtain independent scientific results. It is clear the factor of geopolitical events had an active and prominent role in all the time stages under consideration in the movement of oil and gas prices in the global markets. Naturally, geopolitical events affected prices in an indirect way more than directly, and that is on the supply factor, which in turn mostly affected the rise in oil and gas prices. There are many examples of this, including the two oil price crises in the seventies of the twentieth century and the natural gas supply crises of 2009, 2014, and the military conflict in Ukraine"--

Foundations of Natural Gas Price Formation

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Publisher : Anthem Press
ISBN 13 : 1785273396
Total Pages : 160 pages
Book Rating : 4.7/5 (852 download)

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Book Synopsis Foundations of Natural Gas Price Formation by : Sergei Komlev

Download or read book Foundations of Natural Gas Price Formation written by Sergei Komlev and published by Anthem Press. This book was released on 2020-09-25 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural gas pricing should be as critically important to the general public as it is to industry specialists. Pricing is the basis of balancing the interests of European and Asian consumers of power and electricity with those of the limited number of potential suppliers of natural gas. Given that natural gas is a foundational transition fuel source that will not be supplanted by renewals for many, many years, the consequences of market failure from incorrect pricing mechanisms could result in the industry missing the new investment cycle. In addressing the critical balancing role of natural gas pricing, ‘Foundations of Natural Gas Price Formation’ presents an in-depth analysis of the fundamentals of natural gas price formation and outlines the distinctive characteristics of natural gas that make it a unique commodity by examining the specific factors underpinning gas pricing that result in a hybrid pricing system special to natural gas. The book argues that the patrons of spot pricing through gas hubs are promoting an incorrect understanding of gas markets that will lead to market failure and to potential critical supply shortages in the near future. ‘Foundations of Natural Gas Price Formation’ defends the system of oil-indexed pricing as an accurate, market-based mechanism that has stood the test of time.

Annual Energy Outlook

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Publisher :
ISBN 13 :
Total Pages : 674 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Annual Energy Outlook by :

Download or read book Annual Energy Outlook written by and published by . This book was released on 2013 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Rising Oil Prices on the World Economy

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Publisher : Springer
ISBN 13 : 1349063614
Total Pages : 217 pages
Book Rating : 4.3/5 (49 download)

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Book Synopsis The Impact of Rising Oil Prices on the World Economy by : Lars Matthiessen

Download or read book The Impact of Rising Oil Prices on the World Economy written by Lars Matthiessen and published by Springer. This book was released on 1982-06-18 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Convergence and Divergence

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Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Convergence and Divergence by : Peter J. S. Duncan

Download or read book Convergence and Divergence written by Peter J. S. Duncan and published by . This book was released on 2007 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Peak Energy

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Publisher : John Wiley & Sons
ISBN 13 : 1119301394
Total Pages : 399 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis Peak Energy by : James G. Speight

Download or read book Peak Energy written by James G. Speight and published by John Wiley & Sons. This book was released on 2018-03-27 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does the Earth contain enough oil to provide energy for the human race indefinitely? If not, how long will the oil last? What about renewable energy technologies like wind and solar? Will they be able to supply an indefinite supply of energy for the human race? If not, how long will it last? And what role does overpopulation play in our world's energy supply? Even with multiple forms of energy available, how long will it last as long as more and more humans, and therefore more industries and energy consumption, are added? Taking a long-held theory called "Peak Oil Theory" the authors of this groundbreaking new text examine the theory of "Peak Energy" to examine all of these questions. Crude oil and natural gas are the major sources of fuel used to supply energy for various needs. Users of crude oil and natural gas must take into account that these energy sources are, without doubt, non-renewable depleting resources, and the cost of extraction depends not only on the current rate of production but also on the amount of cumulative production. In fact, many pundits believe projections that the world is rapidly approaching a precipice, after which crude oil and natural gas will no longer be in ready supply. This phenomenon has given rise to the peak oil theory – peak oil is the point in time when the maximum rate of petroleum recovery from the reservoir is reached, after which the rate of petroleum production enters terminal decline. From this concept has emerged the wider concept of the peak energy theory which, as it is related to the availability of all fossil fuels, is also subject to decline with fossil fuel use. This text, written by two of the world's most well-known, respected, and prolific writers in the energy industry, is a fascinating study of our world's energy needs and the future of the multi-source energy supply on this planet. Whether oil and gas, wind, solar, geothermal, or even nuclear, all sources of energy have their limits, and we, as scientists, engineers, and consumers of energy need to be knowledgeable on these topics. This book is a must-have for any engineer, student, scientist, or even layperson interested in energy and the idea of energy sustainability on planet Earth.

The Greening of Pharmaceutical Engineering, Practice, Analysis, and Methodology

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Publisher : John Wiley & Sons
ISBN 13 : 1119184223
Total Pages : 800 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis The Greening of Pharmaceutical Engineering, Practice, Analysis, and Methodology by : M. R. Islam

Download or read book The Greening of Pharmaceutical Engineering, Practice, Analysis, and Methodology written by M. R. Islam and published by John Wiley & Sons. This book was released on 2015-12-03 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pharmaceutical industry is one of the most important industriesin the world, offering new medicines, vaccines, and cures to aglobal population. It is a massive industry, worthy of a deepand thorough examination of its processes and chemistry, with aview toward sustainability. The authors describe what is andisn't truly sustainable, offering a new approach and a newdefinition of the sustainability of pharmaceutical and chemicalengineering and the science behind it. This is a cutting-edgework, aimed at engineers, scientists, researchers, chemists, andstudents.