The Journal of Energy and Development, spring 1995, volume 20, number 2

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Thomas R. Stauffer, “The Diseconomics of Long-Haul LNG Trading.” Long-haul liquefied natural gas (LNG) exports yield little or no economic rent. ... (More) Thomas R. Stauffer, “The Diseconomics of Long-Haul LNG Trading.” Long-haul liquefied natural gas (LNG) exports yield little or no economic rent. Trades, such as Borneo to Japan, are economical, but government-takes otherwise are minimal. The maximum premium for LNG is less than 50 cents per thousand cubic feet (/Mcf), and buyers are resisting any price above oil parity. Costs of LNG are high and increase with distance. The netback value is zero or even negative for the longer-distance trades. The value of extracted co-products (natural gas liquids) is 50 cents to $1/Mcf. These credits are the principal source of profit, especially for foreign partners because natural gas liquids are taxed at low “industrial” rates.

Naief H. Al-Mutairi and M. Nagy Eltony, “Price and Income Elasticities of Energy Demand: Some Estimates for Kuwait Using Two Econometric Models.” This paper estimates the demand for energy in Kuwait for the period 1965-1989 using two econometric models: a cointegration and error correction model (ECM) and a simultaneous-equation model (SEM).

Terrence G. Bensel and Robert C. Harriss, “Energy Policy and Economic Development in the Philippines, 1973-2000.” This paper reviews energy policy and energy-economy interactions in the Philippines since 1973 and presents projections of energy development and use to the year 2000.

Ravishankar Jayadevappa and Sumedha Chhatre, “Carbon Emission Tax and Its Impact on a Developing Country Economy — A Case Study of India.” In this paper the authors examine the impacts of implementing a carbon emission tax on the economy of India using an input-output model. After discussing the economy-wide impacts of a carbon emission tax, possible measures for combat¬ing global climate change are examined.

Tai-Yoo Kim and Jeong-Dong Lee, “Cost Analysis of Gas Distribution Industry with Spatial Variables.” Cost assessment is important in the regulatory process, but it is not easy to effect, especially for the distribution sector, because the spatial conditions as well as the output quantity play a major role in determining the cost. The hedonic cost function is introduced to incorporate the spatial characteristics (or network configurations) in the analysis of cost behavior of the Korean gas industry.

Noel D. Uri, “The Impact of Crude-Oil Price Volatility on Agricultural Employment in the United States.” This study focuses on the impact of fluctuations in the price of crude oil on agricultural employment in the United States.
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