{"title":"Accounting for Product Impact in the Oil and Gas Industry","authors":"Katie Panella, George Serafeim, Katie Trinh","doi":"10.2139/ssrn.3877518","DOIUrl":"https://doi.org/10.2139/ssrn.3877518","url":null,"abstract":"We apply the product impact measurement framework of the Impact-Weighted Accounts Initiative (IWAI) in two competitor companies within the oil and gas industry. We design a monetization methodology that allows us to calculate monetary product impact estimates of natural gas provision to emerging markets, energy provided, and emissions created. Our results indicate differences in the impact that competitors have through their products. These differences demonstrate how impact reflects corporate strategy and informs decision-making on industry-specific areas.","PeriodicalId":159058,"journal":{"name":"EnergyRN: Production (Sub-Topic)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133381807","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Implications of Global Oil Prices on Local Housing Markets: The Case of Canada and the United States","authors":"Viktoria Halim, J. Ofulue, D. Kwayu","doi":"10.2139/ssrn.3621061","DOIUrl":"https://doi.org/10.2139/ssrn.3621061","url":null,"abstract":"We investigate the implications of global oil prices on local housing markets in Canada and the United States. Our results show that oil prices have a stable, positive and persistent impact on the housing market, although this positive impact is larger in smaller cities. The United States has a faster speed of adjustment and thus a higher response rate in face of an oil price change. We find that oil prices are only significant in the long run. The long run elasticities will be beneficial for policy implications and the short run impacts will help consumers improve their short run investment decisions.","PeriodicalId":159058,"journal":{"name":"EnergyRN: Production (Sub-Topic)","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131192277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Azerbaijan and Its Oil Resources: Curse or Blessing?","authors":"Farid Zulfigarov, Matthias Neuenkirch","doi":"10.2139/ssrn.3391732","DOIUrl":"https://doi.org/10.2139/ssrn.3391732","url":null,"abstract":"We examine the relationship between oil price fluctuations and economic activity in Azerbaijan using vector autoregressive models for the period 2002Q1-2018Q4. Our key results are as follows. First, quarterly GDP growth decreases after oil price innovations in both, the oil and gas sector and in the remaining economy. Downturns (upswings) in the oil and gas sector also prompt downturns (upswings) in the non-oil sector as fluctuations in oil revenues affect the government's capacity to subsidize the remaining economy. Second, oil price innovations also lead to higher inflation in Azerbaijan. In response to the required tightening of monetary policy, the manat appreciates against the US dollar. Finally, GDP effects are primarily documented after oil price increases, whereas the interest rate and the exchange rate mainly react to decreases. Inflation increases after both types of shocks, either due to the accommodative monetary policy stance in the case of oil price decreases or due to the shock itself in the case of increases.","PeriodicalId":159058,"journal":{"name":"EnergyRN: Production (Sub-Topic)","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121111633","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Empirical Investigation of Optimal Crude Oil Futures Rolling","authors":"Chrilly Donninger","doi":"10.2139/ssrn.2627701","DOIUrl":"https://doi.org/10.2139/ssrn.2627701","url":null,"abstract":"When the first Commodity Futures Indices were constructed not much thought was spent on the rollover strategies. The Futures were in backwardation and one cashed in the roll-yield by simply rolling over from the most nearby Future to the next one. The only consideration was liquidity. Market conditions have changed in recent years. Contango is now the more frequent case. The roll strategy is more sophisticated in the second index generation. This investigation analyzes the performance of several rolling strategies for WTI and Brent Futures in the last 10 years. It is shown that one should avoid the crowd if one has to roll nearby Futures. The second generation indices have a clear edge. The performance of the different indices is similar, with the S&P Dynamic Roll Strategy having a slight edge. Optimal rolling is more important for the WTI Futures than for Brent Oil.","PeriodicalId":159058,"journal":{"name":"EnergyRN: Production (Sub-Topic)","volume":"24 10","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113977859","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}