Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Long Run Oil Natural Gas Price Relationship And The Shale Gas Revolution
Download The Long Run Oil Natural Gas Price Relationship And The Shale Gas Revolution full books in PDF, epub, and Kindle. Read online The Long Run Oil Natural Gas Price Relationship And The Shale Gas Revolution ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Long-Run Oil-Natural Gas Price Relationship and the Shale Gas Revolution by : Massimiliano Caporin
Download or read book The Long-Run Oil-Natural Gas Price Relationship and the Shale Gas Revolution written by Massimiliano Caporin and published by . This book was released on 2015 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gas extraction technological developments of the 2000s have allowed shale gas production, which in the US has become a significant part of the total gas production. Such a significant change might have affected the long-run relationship between oil and natural gas prices postulated by several authors. By using monthly data of oil and gas prices, as well as gas quantities from 1997 to 2013, we test for the presence of a longrun relationship, allowing also for possible breaks. We first show the stationarity of gas quantity data before the production of shale gas and the existence of a break in the trend (and in the intercept) on the integrated gas price time series, by the time shale gas enters the market. Then, applying a Vector Error Correction Model, we show that shale gas production has affected the relationship across variables. Gas quantities become relevant in the formation of gas prices after the beginning of shale gas production, while impact of oil prices on the gas ones doubles. However, on the basis of the available data, it is not unequivocally possible to assess whether or not a new long-run relationship between oil and gas has been established.
Book Synopsis After the US Shale Gas Revolution by : Thierry Bros
Download or read book After the US Shale Gas Revolution written by Thierry Bros and published by Editions TECHNIP. This book was released on 2012 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 20 years at different positions in the gas sector, from the policy side to trading floors, the author gives an overview of the major gas issues and elaborates on the consequences of the US shale gas revolution. The first part of the book provides basic knowledge and gives needed tools to better understand this industry, that often stands, in sandwich, between upstream oil and utilities. After extensive research, publication and teaching, the author shares his insights on fundamental issues all along the gas chain and explains the price mechanisms ranging from oil-indexation to spot. The second part looks into the future of worldwide gas balance. To supply growing markets, the major resource holder, Russia, is now in direct competition with the major gas producer, the US. China has the potential not only to select the winner but also to decide the pricing principle for all Asian buyers in 2020. As China is a new and growing gas importer and has a lower price tolerance than historical Asian buyers (Japan and South Korea), it is highly possible that, against basic geography, China selects waterborne US LNG versus close Russian pipe gas, to achieve lower import price. Europe, so risk adverse that it won't be able to take any decision regarding shale gas production on this side of 2020, should see its power fading on the energy scene and would rely more on Russia. Gas geopolitics could tighten Russia stronghold on Europe, on one side, and create a flourishing North America-Asian trade... This book is accessible to ail and will particularly interest readers seeking a global gas perspective where economics and geopolitics mix. It can be read as an economic novel where billions of $ are invested to shape tomorrow energy world or as a geopolitical thriller where Russia and the US compete to impose their respective agenda, leaving China tn select the winner.
Book Synopsis The Impact of the North American Shale Gas Revolution on Regional Natural Gas Markets by : Jiang-Bo Geng
Download or read book The Impact of the North American Shale Gas Revolution on Regional Natural Gas Markets written by Jiang-Bo Geng and published by . This book was released on 2016 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of the North American shale gas revolution on price movement regimes in the North American and European gas markets, using the Markov regime-switching model. It then measures price spreads between oil and gas from 1998 to 2015 to identify the impact of the revolution on the relationship between oil and regional gas prices. The results show that the typical movement regime of Henry Hub prices changes from 'slightly upward' to 'sharply downward'. In addition, the clear seasonal effect of Henry Hub prices has disappeared after the shale gas revolution. The typical movement of national balancing point (NBP) prices has changed gradually from a 'sharply up-ward' regime to the alternative regimes between 'sharply downward' and 'slightly upward', tending to follow oil prices. This indicates that the shale gas revolution has had little impact on NBP price movement. Meanwhile, Henry Hub prices have decoupled from WTI prices, while NBP and Brent prices have continued to exhibit a long-term equilibrium level around which they have swung in the short timeframe since the shale gas revolution. Pertinent energy policy makers and energy market participants should pay attention to these changes and adjust their trade, production and investment strategies accordingly.
Book Synopsis The Geopolitics of Shale Gas by : Sijbren de Jong
Download or read book The Geopolitics of Shale Gas written by Sijbren de Jong and published by The Hague Centre for Strategic Studies. This book was released on 2014-02-11 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: The US’ shale gas revolution could in the long term destabilize traditional oil- and gas exporters in the European Union (EU) neighborhood: A combination of substitution effects and greater energy efficiency, could put pressure on the price of oil, leading to fiscal difficulties in traditional hydrocarbon exporting countries.
Book Synopsis The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices by : Lutz Kilian
Download or read book The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices written by Lutz Kilian and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article examines how the shale oil revolution has shaped the evolution of U.S. crude oil and gasoline prices. It puts the evolution of shale oil production into historical perspective, highlights uncertainties about future shale oil production, and cautions against the view that the U.S. may become the next Saudi Arabia. It then reviews the role of the ban on U.S. crude oil exports, of capacity constraints in refining and transporting crude oil, of differences in the quality of conventional and unconventional crude oil, and of the recent regional fragmentation of the global market for crude oil for the determination of U.S. oil and gasoline prices. It discusses the reasons for the persistent wedge between U.S. crude oil prices and global crude oil prices in recent years and for the fact that domestic oil prices below global levels need not translate to lower U.S. gasoline prices. It explains why the shale oil revolution unlike the shale gas revolution is unlikely to stimulate a boom in oil-intensive manufacturing industries. It also explores the implications of shale oil production for the transmission of oil price shocks to the U.S. economy
Book Synopsis American Shale Energy and the Global Economy by : Andrew R. Thomas
Download or read book American Shale Energy and the Global Economy written by Andrew R. Thomas and published by Springer. This book was released on 2018-05-12 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This brief explores the business and global implications of the American shale energy, or natural gas, revolution. Specifically, it provides a rational, comprehensive look at the major business themes and management implications that surround the new abundance of natural gas in the United States and identifies some of the most significant geopolitical considerations globally. While acknowledging some of the controversies and hazards surrounding the extraction techniques, commonly known as “fracking”, the author also looks at the hopes this technique poses and details how shale energy will impact supply chains for firms. The discovery of new sources of domestic natural gas in recent years - coupled with innovations that facilitated their extraction - has altered the global landscape. However, the vast majority of the information out there for business students, faculty, and practitioners about the natural gas revolution is focused on the impact of “longer and lower” energy prices; and, secondarily, opportunities within the domestic energy sector. Each of these is crucial for business people to understand, however, the natural gas revolution is about much more. Companies of all sizes, whether they see it or not, are having new opportunities open up for their products and services. Further, the globalization of shale energy will have far reaching influence beyond simply economic factors. Geopolitical considerations and the re-structuring of international relations around shale energy will impact supply chains in a myriad of ways. This book aims to examine these opportunities. Featuring case studies from contemporary companies, this book will be of interest to students, academics, researchers, professionals and policy makers who are seeking to understand the business and global implications of the shale energy revolution.
Book Synopsis An Introduction to Wavelets and Other Filtering Methods in Finance and Economics by : Ramazan Gençay
Download or read book An Introduction to Wavelets and Other Filtering Methods in Finance and Economics written by Ramazan Gençay and published by Elsevier. This book was released on 2001-10-12 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Introduction to Wavelets and Other Filtering Methods in Finance and Economics presents a unified view of filtering techniques with a special focus on wavelet analysis in finance and economics. It emphasizes the methods and explanations of the theory that underlies them. It also concentrates on exactly what wavelet analysis (and filtering methods in general) can reveal about a time series. It offers testing issues which can be performed with wavelets in conjunction with the multi-resolution analysis. The descriptive focus of the book avoids proofs and provides easy access to a wide spectrum of parametric and nonparametric filtering methods. Examples and empirical applications will show readers the capabilities, advantages, and disadvantages of each method. - The first book to present a unified view of filtering techniques - Concentrates on exactly what wavelets analysis and filtering methods in general can reveal about a time series - Provides easy access to a wide spectrum of parametric and non-parametric filtering methods
Book Synopsis The Price of Oil by : Roberto F. Aguilera
Download or read book The Price of Oil written by Roberto F. Aguilera and published by Cambridge University Press. This book was released on 2016 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why oil prices rose so spectacularly in the past and examines how they will be suppressed in the future.
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.
Book Synopsis The Shale Oil and Gas Debate by : CHARLEZ Philippe A.
Download or read book The Shale Oil and Gas Debate written by CHARLEZ Philippe A. and published by Editions TECHNIP. This book was released on 2015-05-07 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the space of six years, the united States have reduced their dependence on oil by a third and have become almost self-sufficient in terms of gas supply. This “shale oil and gas revolution”, a sudden and unexpected earthquake in the energy world, enabled the US to become one of the most competitive countries in the world. Exporting this revolution could double the world gas reserves and boost those of oil by 20%. Outside North America, the main reservoirs are thought to be in China, Russia and Argentina. In the medium term, this new state of affairs will have major geopolitical consequences, fundamentally altering oil, gas and coal imports. While US imports from the Persian Gulf rapidly dwindle, those of China and India will significantly increase and as the United States becomes a gas exporter, Russia will have to find alternative markets. Although it is not ranked in the “top 10”, Europe is thought to have vast resources. Yet for the realization of a major European project, a number of geological (are European source rocks as high quality as their US counterparts?), economic (will Europe be able to develop its resources at an acceptable cost?) and societal barriers will have to be overcome. On a densely-populated, urban continent, hydraulic fracturing, water supply, microseisms and surface impact represent a battery of “threats” for the stakeholders. Changing this perception will require both pedagogy and transparency regarding the local communities. This has to be a win/win situation and not a case of give and take. In this work, written in the form of 20 questions for non-specialists, Philippe Charlez and Pascal Baylocq give you the answers to “everything you always wanted to know about shale oil and gas but never dared to ask".
Book Synopsis The U.S. Shale Gas Revolution and Its Implications for International Energy Policy by : Joseph Nyangon
Download or read book The U.S. Shale Gas Revolution and Its Implications for International Energy Policy written by Joseph Nyangon and published by . This book was released on 2019 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The shale gas revolution has fundamentally transformed energy markets domestically and abroad. Rising production has led to falling gas and oil prices in the U.S., while Europe, in contrast, is paying four to five times more for its natural gas and becoming one of the biggest importers of U.S. coal. As recently as five or six years ago this turnabout seemed improbable, with many analysts calling for rapid growth in renewable energy investment as the best means by which to wean the nation from its dependence on imported oil. Even then, such investment seemed far-fetched as the liquidity crisis worsened during the 2008-2012 global recession, forcing the federal government to institute stringent fiscal and monetary stimulus to stabilize the financial market and institutions. Taken together, the shale gas revolution represents the maturation of industry-friendly policies started under President Bush and continued during the Obama Administration. These policies supported the introduction of advanced technologies such as hydraulic fracturing, tight-oil extraction, horizontal drilling, innovative industrial software and other digital solutions, which have allowed production companies to economically extract oil and gas from previously inaccessible or financially infeasible shale rock formations with breathtaking speed. Most tantalizingly, this is a story of the triumph of a combination of economics of energy (operating by its own rules of supply and demand), the power of government-funded research and development (R&D), and getting the relationship right between the government and private sectors.
Book Synopsis Shale Gas and the Relationship Between the U.S. Natural Gas, Liquefied Petroleum Gases and Oil Markets by : Atle Oglend
Download or read book Shale Gas and the Relationship Between the U.S. Natural Gas, Liquefied Petroleum Gases and Oil Markets written by Atle Oglend and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural gas liquids and liquefied petroleum gases have played an important role in the current US shale gas boom. Depressed gas prices in recent years have made pure natural gas operations less profitable. The result is that liquids components in gas production have become increasingly important in ensuring the profitability of shale gas operations. In this paper we investigate whether the shale gas expansion, which has led to an increase in associated LPG production, has also affected the historically strong relationship between LPG and oil prices. Revealing the strength and stability of the LPG/oil relationship is relevant when it comes to the future profitability and development of the U.S. natural gas sector. Our results suggest that the LPG/oil relationship has weakened in recent years with a move towards cheaper liquids relative to oil. This is consistent with developments in the gas sector with increased liquids production. A consequence is that U.S. natural gas operations cannot automatically rely on high liquids prices to ensure profitability.
Download or read book Shale Oil and Gas written by Vikram Rao and published by RTI Press. This book was released on 2015-08-09 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Promise and the Peril
Book Synopsis Re-Examining Crude Oil and Natural Gas Price Relationship by : Mübariz Hasanov
Download or read book Re-Examining Crude Oil and Natural Gas Price Relationship written by Mübariz Hasanov and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we examine the relationship between crude oil and natural gas prices. Using smooth transition regression modelling approach, we find that both the long-run and short-run relationships between oil and gas prices are more aptly modelled by simultaneous structural breaks and regime-dependent nonlinearities. Our results imply that the natural gas prices did not decouple from crude oil prices in the sense that the long-run equilibrium relationship between the two prices did not break completely but instead moved to a new level. The structural shift in the equilibrium relationship between oil and gas prices was rather slow. We also find that both the long-run and short-run effects of crude oil prices on natural gas prices have fallen significantly after the break. In addition, the relationship between the two prices became more volatile after the break.
Book Synopsis The Political Economy of Fracking by : Ilia Murtazashvili
Download or read book The Political Economy of Fracking written by Ilia Murtazashvili and published by Routledge. This book was released on 2018-12-07 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, "fracking" has led to a revolution in shale gas production. For some, shale gas promised economic opportunities, cheaper energy bills, and an alternative to coal. For others, shale gas was fool’s gold. Critics contend that the shale boom has occurred in a regulatory Wild West, that the response has been fractured and ineffective, or that the harmful environmental and health consequences exceed the benefits from shale gas production. The Political Economy of Fracking argues that the criticism of the shale revolution has been misplaced. The authors use insights from a diversity of perspectives in political economy to understand why the shale boom occurred, who won in the race for shale, and who was left behind. The book explains how private property rights and entrepreneurs led to the shale boom. It contends that polycentric governance, which encourages a diversity of regulatory responses, is a virtue because it generates knowledge about the most appropriate ways to regulate shale development. Private property rights and political institutions that provide for local self-governance also helped to ensure that the benefits of shale gas production exceeded its costs. The authors make the case for fracking shale gas using evidence from shale-producing countries from around the world, comparing them to those that have fallen behind in the shale race. They show that private property rights and markets have been a source of innovation and dynamism and that a diversity of regulatory responses is appropriate to govern shale gas development. This book is insightful reading for academics and professionals interested in the shale boom, the fracking industry in general, and regulatory policy.
Book Synopsis The Global Impact of Unconventional Shale Gas Development by : Yongsheng Wang
Download or read book The Global Impact of Unconventional Shale Gas Development written by Yongsheng Wang and published by Springer. This book was released on 2016-07-15 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the economic, political, and environmental issues surrounding the international exploration and exploitation of conventional and unconventional natural gas. Shale gas development in recent years has changed the energy discussion in the US as existing reserves of natural gas coupled with horizontal drilling and hydraulic fracturing make exploitation of these reserves economically feasible; the discussion is quickly becoming international in scope. The potential expansion of natural gas development impacts many regions of the globe and spans multiple perspectives. In a volatile international climate, one of intense geopolitical conflict between Russia and the West, economic slowdowns in Europe and China, military conflicts in the Middle East and northern Africa, and widening income disparity in the U.S., a relatively inexpensive and plentiful energy source like shale gas could play a key role in mitigating such conflicts. In an energy interdependent global community, however, multiple factors such as oil prices, differing rates of exploration, environmental concerns, strategic initiatives, institutional changes, legal and regulatory issues, and actions of the nations involved all have the potential to influence future outcomes. This book discusses each of these in turn, detailing the issues most prevalent in each geographical area. The first volume to provide a comprehensive global view of the impacts of shale gas development, this book fills a gap in the current research literature, providing vital information for the scholarly community and the public alike. This book will be of interest to researchers and students of economics, energy policy, public administration, and international relations as well as policy makers and residents of the regions that are experiencing shale gas development.
Book Synopsis The Petroleum Problem by : Danilo J. Santini
Download or read book The Petroleum Problem written by Danilo J. Santini and published by . This book was released on 1986 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
