关于提高采收率行业二氧化碳合同的经济学

IF 1.4 4区经济学 Q3 ECONOMICS

Journal of Applied Economics Pub Date : 2022-05-19 DOI:10.1080/15140326.2022.2065064

Shen Gao, Chenghan Hou, Long Zhao

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引用次数: 1

摘要

摘要尽管基于二氧化碳的提高采收率（CO2-EOR）通常被认为是最经济可行的碳捕获、利用和储存（CCUS）方法之一，但人们对CO2-EOR行业中现有的二氧化碳供应合同知之甚少。通过研究20世纪80年代和90年代美国103份二氧化碳销售合同的样本，本文旨在找出这些合同中关键条款的驱动因素。特别是，包括了一项特殊的价格调整条款，将二氧化碳价格与石油价格挂钩。我们的分析表明，使用挂钩期限的概率与合同期限呈正相关。此外，初始油价、波动的历史油价和二氧化碳净利用率也对价格挂钩调整机制的采用产生了积极影响。

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On the economics of CO2 contracts in the enhanced oil recovery industry

ABSTRACT While Carbon Dioxide based Enhanced Oil Recovery (CO2 -EOR) is often regarded as one of the most economically viable methods of carbon capture, utilization and storage (CCUS), little is known about the existing CO2 supply contracts in the CO2 -EOR industry. By studying a sample of 103 CO2 sales contracts in the U.S. in the 1980s and 1990s, this paper aims to find out what drives the key terms in these contracts. In particular, a special price adjustment clause is included to peg the CO2 price to the oil price. Our analyses suggest that the probability that the pegging term is used is positively associated with the contract length. Besides, initial oil prices, volatile historical oil prices, and the net CO2 utilization also positively impacts the adoption of the price-pegging adjustment mechanism.

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来源期刊

Journal of Applied Economics ECONOMICS-

CiteScore

3.00

自引率

0.00%

发文量

审稿时长

40 weeks

期刊介绍： The Journal of Applied Economics publishes papers which make a significant and original contribution to applied issues in micro and macroeconomics. The primary criteria for selecting papers are quality and importance for the field. Papers based on a meaningful and well-motivated research problem that make a concrete contribution to empirical economics or applied theory, in any of its fields, are especially encouraged. The wide variety of topics that are covered in the Journal of Applied Economics include: -Industrial Organization -International Economics -Labour Economics -Finance -Money and Banking -Growth -Public Finance -Political Economy -Law and Economics -Environmental Economics