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Frank C. Tang, “Analyzing the Oil Refining Industry in Developing Countries: A Comparative Study of China and India.” This paper examines the deve...
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Frank C. Tang, “Analyzing the Oil Refining Industry in Developing Countries: A Comparative Study of China and India.” This paper examines the development and operations of the refining industry in two important Asian developing countries — China and India — which comprise a substantial portion of the increase in product demand and refining capacity.
Seán O'Dell, “Long-Term Energy Demand: Projections of the International Energy Agency.” This paper evaluates the two energy demand growth scenarios provided in the 1995 edition of the International Energy Agency’s (IEA’s) World Energy Outlook. The author suggests that the rapid growth in energy demand, especially in Asia, coupled with low energy prices is not sustainable.
Øystein Noreng, “National Oil Companies and Their Government Owners: The Politics of Interaction and Control.” This article discusses the interaction of national oil companies with their government owners. Direct intervention through national oil companies is seen by many governments as a prerequisite for controlling the oil industry on their territory, but the very factors that make the private oil industry difficult to control also render national firms difficult to control. This is a fairly universal experience, which the author looks at from a historical perspective in a number of countries including Mexico, Norway, Saudi Arabia, Indonesia, Venezuela, France, and the United Kingdom.
Titus O. Awokuse and Clifton T. Jones, “Nigeria's Oil Production Behavior: Tests of Alternative Hypotheses.” This paper evaluates several hypotheses on Nigeria’s behavior within OPEC concerning the level of its oil production. The authors find a number of conflicting explanations for Nigeria’s production behavior within OPEC based on these hypotheses. The contribution of this study is to take a closer look at the oil production behavior of Nigeria, retesting its agreement with collusive and non-collusive theories of OPEC behavior.
Douglas B. Reynolds, “Energy Grades and Economic Growth.” This paper looks at why some energy resources are better than others for economic growth based upon the concept of energy grades. This concept identifies the physical characteristics of competing energy resources that allow the economy to more cheaply extract services from each British thermal unit (Btu) of energy. The case of England’s change from wood to coal in the 1700s is presented.
M. Nagy Eltony, “An Econometric Study of the Demand for Gasoline in the Gulf Cooperation Council Countries.” This paper develops a model to estimate gasoline demand in the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). The model is capable of producing short-run and long-run price and income elasticities. The author finds that age population growth in the GCC countries an important determinant of gasoline demand.
Donald A. Murry and Gehuang D. Nan, “A Definition of the Gross Domestic Product-Electrification Interrelationship.” This paper applies Granger’s causal test to distinguish between electrification growth as a stimulus to economic development and economic development as a cause for increased electric consumption. Statistically, the paper determines in what countries electricity consumption follows gross domestic product (GDP) growth, in what nations GDP growth follows electric expansion, in what states they develop interdependently, and in what countries there is no statistically significant relationship between them. The results provide an empirical categorization of the electrification-growth relationship.
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