SRPN: Oil (Topic)最新文献

{"title":"What Have We Learned from the Deepwater Horizon Disaster? An Economist's Perspective","authors":"D. Petrolia","doi":"10.15351/2373-8456.1002","DOIUrl":"https://doi.org/10.15351/2373-8456.1002","url":null,"abstract":"Follow this and additional works at: http://cbe.miis.edu/joce Part of the Agricultural and Resource Economics Commons, Economic Policy Commons, Economics Commons, Energy Policy Commons, Environmental Policy Commons, Natural Resource Economics Commons, Natural Resources and Conservation Commons, Natural Resources Management and Policy Commons, Nature and Society Relations Commons, and the Water Resource Management Commons","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123680444","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 Elephant in the Ground: Managing Oil and Sovereign Wealth","authors":"T. S. van den Bremer, Rick van der Ploeg, S. Wills","doi":"10.2139/ssrn.2509620","DOIUrl":"https://doi.org/10.2139/ssrn.2509620","url":null,"abstract":"One of the most important developments in international finance and resource economics in the past twenty years is the rapid and widespread emergence of the $6 trillion sovereign wealth fund industry. Oil exporters typically ignore below-ground assets when allocating these funds, and ignore above-ground assets when extracting oil. We present a unified stylized framework for considering both. Subsoil oil should alter a fund’s portfolio through additional leverage and hedging. First-best spending should be a share of total wealth, and any unhedgeable volatility must be managed by precautionary savings. If oil prices are pro-cyclical, oil should be extracted faster than the Hotelling rule to generate a risk premium on oil wealth. Finally, we discuss how our analysis could improve the management of Norway’s fund in practice.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"458 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124338811","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":"Is There Any Asymmetry Between Fuel and Crude Oil Prices in Turkey?","authors":"A. Çatık","doi":"10.2139/ssrn.3089645","DOIUrl":"https://doi.org/10.2139/ssrn.3089645","url":null,"abstract":"This article examines the relationship between crude oil and fuel prices in Turkey covering the period January 1987 and October 2013. Regime-dependent responses and variance decompositions derived from the TVAR models confirm the asymmetry in the price adjustment process: Diesel and gasoline prices respond more aggressively to oil price increases than to decreases. The results further indicate that exchange rate movements are more important than the change in crude oil prices in the explanation of asymmetric price transmission mechanism.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129137137","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":"Exploitation of Offshore Transboundary Oil and Gas Reservoirs; an International Law Perspective","authors":"Patson W. Arinaitwe","doi":"10.2139/SSRN.2486488","DOIUrl":"https://doi.org/10.2139/SSRN.2486488","url":null,"abstract":"Under international law, state's territorial sovereignty ends at its boundaries and any hydrocarbons reservoirs that straddle across would belong to a different state with control over such territory. The United Nations Convention on the Law of the Sea (UNCLOS) provides a legal framework for maritime boundary delimitation. However, it does not entirely solve the equation in regard to exploitation of cross-border hydrocarbons. What happens when the hydrocarbon cross boundaries of different states? It may be difficult to determine the quantity of hydrocarbons due to one state. Szekely defines trans boundary natural resources as those situated in a zone through which a territorial or maritime border runs, separating two sovereign States or a state and a marine zone which is beyond the limits of national jurisdiction. Neighbouring states have access to the same reservoir and any activities by one state would have an impact on the position of the other to exploit the same. This paper analyses different frameworks adopted by states to exploit shared offshore reservoirs. It discusses the challenges posed by exploitation of such deposits and the status of international law, specifically on the obligation to cooperate. Further it focuses on state practice and how different concepts in the cycle of hydrocarbon exploitation have been tackled; from discovery to cessation. This paper shall use examples of Norway-UK, USA-Mexico, Australia-Timor-Leste, and Nigeria Sao Tome, Principe arrangements.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"91 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131210954","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 Application of Civil Liability for the Risks of Offshore Methane Hydrates","authors":"R. Partain","doi":"10.2139/ssrn.2466089","DOIUrl":"https://doi.org/10.2139/ssrn.2466089","url":null,"abstract":"A potentially huge untapped resource of natural gas exists just offshore almost every coastal state in the world, the resource called methane hydrates. The opportunities for fiscal revenues, energy security, and freshwater resources will be attractive to many of those states; for many, the commercial development of offshore methane hydrates could bring substantial improvements to public welfare. But offshore methane hydrates present new and potentially cataclysmic risks in their extraction and production. There are risks of voluminous greenhouse gas emissions, subsea landslides, and tsunamis. There are also a variety of non-cataclysmic risks posed by the development of offshore methane hydrates. Most of these risks are novel and were not present in earlier offshore oil and gas extraction projects.The need to provide legal guidance to optimize the reduction of risk and hazards from the extraction and production of offshore methane hydrates should be addressed in advance of initial commercial operations. This paper calls for the application of civil liability rules to be a part of the governance mechanism of that environment risk, and in particular, for the rule of strict liability to be applied.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124568210","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":"Income in Relation to Services for Oil Exploration Etc: Section 44BB Breaching Boundaries and Taxing Overseas Income","authors":"Sumeet Khurana","doi":"10.2139/ssrn.2462135","DOIUrl":"https://doi.org/10.2139/ssrn.2462135","url":null,"abstract":"This article deals with taxability under section 44BB of mobilization and demobilization charges earned by oilfield service companies.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124414089","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":"Economic Development, Climate Change and the Limitations of Corporate Social Responsibility","authors":"S. Toms","doi":"10.2139/ssrn.2388693","DOIUrl":"https://doi.org/10.2139/ssrn.2388693","url":null,"abstract":"The chapter argues that the reform of the corporation to promote greater social responsibility is an unlikely solution to the crisis of climate change. The managers of business organisations are relatively powerless in the face of the powerful market forces which drive increasing consumption of the world’s resources. In particular the strong association between the development of oil resources, the worlds markets and productive capacity are noted as the key determinants of climate change. Responses to the challenges of climate change are best formulated through predictive analysis of its key determinants, along the lines of the 2007 Stern Report and the debate it has subsequently engendered. In view of the correlation between oil consumption, world and sustainable population, peak oil poses as strong a challenge to economic growth as does significant climate change.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132586697","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 Risks of Fiscal Policy in Countries Rich in Natural Resources","authors":"A. Knobel","doi":"10.2139/ssrn.2362818","DOIUrl":"https://doi.org/10.2139/ssrn.2362818","url":null,"abstract":"The article addresses the issue of fiscal policy risks in countries with an abundance of natural resources, including Russia. It is demonstrated which consequences Russia’s federal budget may be faced with as a result of declining oil prices. In the context of phenomena typical of resource-dependent economies, it is shown that they have a tendency toward a lower rate of long-term economic growth. The macroeconomic and institutional aspects of the resource curse and the role of sovereign funds in shaping up the budget policy are discussed, with a special emphasis being made on their institutional importance.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122196057","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":"Objectives of Educational Sponsorship as a Marketing Communication Tool and its Application at the Sate Oil Company of Azerbaijan Republic/Socar","authors":"R. Abutalibov, S. Guliyev","doi":"10.2139/ssrn.2343478","DOIUrl":"https://doi.org/10.2139/ssrn.2343478","url":null,"abstract":"The aim of this article is to provide a better understanding of educational sponsorship and its application as a marketing communication tool in SOCAR. So as to reach the aim, research question focuses on the objective of educational sponsorship. Author used a qualitative research with a case study. The interviews and documentations were used as primary and secondary data. The common outcome of the study is that several objectives of educational sponsorship are generally used. The most frequently used objectives of educational sponsorship are corporate related objectives, such as corporate image, increasing community involvement, employee relations and public perceptions.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124518488","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":"Appreciate the Appreciation: Imported Inputs and Concern Over Dutch Disease","authors":"Wardah Naim, Trevor Tombe","doi":"10.11575/SPPP.V6I0.42425","DOIUrl":"https://doi.org/10.11575/SPPP.V6I0.42425","url":null,"abstract":"If anything is to blame for a higher dollar having negative effects on the Central Canadian manufacturing sector, you are not likely to find it in any “Dutch Disease” supposedly caused by Alberta’s oil sands. Contrary to popular belief, the higher value of the Canadian dollar may even help Central Canadian manufacturers grow stronger, cut costs, and create jobs. The idea that a booming, commodity-driven dollar is hurting Canadian goods exports, afflicting the country with so-called Dutch Disease, may be popular among certain politicians, including federal Opposition leader Thomas Mulcair and former Premier of Ontario Dalton McGuinty, but is not supported by the facts. It turns out that the simple economic theory these politicians have in mind is incomplete. A more thorough, data-driven look at the nation’s manufacturing sector reveals that Canadian businesses rely very heavily on imported materials and equipment as inputs in the manufacturing process. Canadian industry overall has one of the highest import ratios for such intermediate goods in the OECD, roughly twice as high as that of the U.S., the European Union and Japan. Compared to all other sectors, manufacturers are the heaviest users of imported materials and equipment, with more than 40 per cent of their inputs coming from other countries. A higher dollar may make it more expensive for foreign buyers to purchase Canadian manufactured goods, but that effect appears to be more than offset by the savings that Canadian producers enjoy with a higher dollar that makes possible cheaper imported-inputs and lower cost of production, which have a lowering effect on prices. The net result is that Canadian manufacturers actually get more benefit from a higher dollar, and the regions that get the biggest boost from it are the Central Canadian provinces of Ontario and Quebec. Policy-makers looking to aid the Canadian economy as a whole, and the manufacturing sector in particular, should stop worrying about Dutch Disease and, rather, welcome a higher Canadian dollar. But more than that, they should design policies that are better tailored for an economy that relies so heavily on imported intermediate inputs. Policy efforts would be far better put to eliminating tariffs and other trade barriers that make imported inputs more expensive, and thus hamper Canadian competitiveness. Policies should also focus on improving productivity, by inviting foreign investment, rather than subtly discouraging it through vehicles such as the Investment Canada Act. And certainly, anything that forces businesses to “buy local,” as Ontario’s Green Energy Act requires, will only stand in the way of Canadian businesses taking advantage of our higher dollar by importing lower-cost inputs from abroad. If policy-makers want to help Canadian factories, they shouldn’t complain about Alberta but instead focus on improving their domestic economic policies instead.","PeriodicalId":343955,"journal":{"name":"SRPN: Oil (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129303516","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}