Author: Harry G. BroadmanPublisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 49
Book Description
Review and Analysis of Oil Import Premium Estimates
Author: Harry G. BroadmanPublisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 49
Book Description
The Oil Import Premium
Author: James W. SawyerPublisher:
ISBN:
Category : Petroleum
Languages : en
Pages :
Book Description
Issues Surrounding an Oil Import Premium
Author: Charles E. PhelpsPublisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 34
Book Description
This paper presents a brief collection of thoughts on elements contributing to an optimal oil import premium. The authors have spent only a very small time on the subject. The principal purpose of this informal paper is to collect these few thoughts together for those able to invest more resources in the problem. We raise many issues, and solve few, if any. We provide what appears (after brief analysis) to be a useful conceptual approach for dealing with some of these issues, but we have not implemented any analysis, nor have we made any estimates to optimize 'The Import Premium' (TIP). We have identified a series of elements contributing to TIP. They include: (1) The United States has monopsony power in world markets because our marginal purchase decisions can be large enough to affect aggregate world demand for oil. (2) Reductions in U.S. demands for oil may improve our welfare on dimensions other than the oil market. (3) The oil market is not competitive on either side; it should probably be modeled as a bilateral oligopoly. (4) Trade in refined products requires that an import policy coordinate both the factor market (oil) and the final product market (products). (5) U.S. dependence on foreign oil sources increases the demand for U.S. military defense efforts. (6) Imposition of an oil import tariff may have macroeconomic consequences for the U.S. (7) The economic structure changes from the short run to the long run.
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R KpodarPublisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
A Report on Large Landholdings in Southern California, with Recommendations
Author: California Commission of Immigration and HousingPublisher:
ISBN:
Category : Land tenure
Languages : en
Pages : 578
Book Description
Domestic Petroleum Industry Outlook
Author: United States. Congress. Senate. Committee on Energy and Natural ResourcesPublisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 676
Book Description
Oil Prices, Energy Security, and Import Policy
Author: Douglas R. BohiPublisher: Routledge
ISBN: 1317375971
Category : Nature
Languages : en
Pages : 224
Book Description
This book, first published in 1982, takes the interaction between the domestic economy and the international trade in oil and, through the use of a consistent microeconomic framework, examines the conditions under which energy and related policies may or may not improve the performance of the U.S. economy, during both normal periods and old supply disruptions. This title will be of interests to students of environmental management.
Global Implications of Lower Oil Prices
Author: Mr.Aasim M. HusainPublisher: International Monetary Fund
ISBN: 151357227X
Category : Business & Economics
Languages : en
Pages : 41
Book Description
The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.
Author: 
Author: