Overview

This book presents new information on OPEC in the 21st century, oil prices and liquefied natural gas. An analysis of selected methodologies and applications in the oil exploration industry is included. The study of the interactive nature of activities between financial and petroleum markets, the dynamic behaviour of oil price volatility and the linkages between the prices of oil futures on different exchanges are also discussed. An theoretical analysis is made on the impact of a rise in the world price of oil on inflation, output, employment and welfare in a small open economy. The relationship between the volatility of oil products and other products indirectly dependent on oil is also considered. This book presents a generalisation of cartel models by incorporating both world demand and supply conditions into OPEC pricing. Furthermore, potential effects of an ad valorem tariff, non-cartel output, and alternative fuels on OPEC'S behaviour are investigated. Output growth and oil consumption in China are also explored.

Full Product Details

Author:   Edward R Pitt ,  Christopher N Leung
Publisher:   Nova Science Publishers Inc
Imprint:   Nova Science Publishers Inc
Weight:   1.256kg
ISBN:  

9781606928974

ISBN 10:   160692897
Pages:   490
Publication Date:   07 August 2009
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Awaiting stock  
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Table of Contents

Preface; Oil Supply Dynamics: Hubbert, Risk and Institutions; Continuous-Time Option Games: War of Attrition and Bargaining Under Uncertainty in Oil Exploration; Crude Oil Price and Volatility: It's Relationship to Financial and Other Petroleum Markets; The Dynamic Behavior of Oil Price Volatility; The Joint Dynamics of Oil Futures Prices In The NYMEX and ICE: Evidence From a Structural Garch Model; Higher Energy World Prices and it's Impact on an Importer Small Open Economy: The Role of Domestic Structural Variables. A Theoretical View; Oil Prices: Impacts, Volatility, and Forecasting; OPEC Pricing and its Limitations: A Generalized Cartel Model; Oil Consumption and Economic Growth: Evidence From China; A Leader-Follower Gaming Model for Analyzing the 21C World Oil Markets; What motivates membership in OPEC?; Development of Design and Safety Specifications for LNG Facilities Based on Experimental and Theoretical Research; The latest progress in the arrangement of Chinas liquefied natural gas (LNG) industry; Gas-phase Refrigeration: A Promising Alternative to the Conventional Refrigeration Processes for LNG; Index.

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