Exploration permits are usually awarded by ministries, public authorities, or local governments, and they give the license holder the exclusive right to search for oil and gas within the specified block. The high degree of discretion in the awarding process and the large economic rents that can ...
(2022) and Rapier (2020), oil, as a core raw material of modern industries, remains on top, accounting for almost 33% of total energy consumption. The second motivation for this study is the close link between the equity market(s) and the commodity market(s), from both theoretical and ...
The Republic of Azerbaijan is an oil- and gas-rich country, making it a prime example for a deep dive into the inner workings of economic policy and the non-oil sector. According to statistics and conducted studies, the development of the non-oil sector is more urgent in Azerbaijan compared...
The abundance of natural resources like oil, minerals, and natural gas are critical components influencing the economic development of a country (Auty, 2001; Su et al., 2020). The resource-rich economies exhibit different characteristics in that a large portion of economic activity is suppressed ...
So now we know who's really responsible for $4 gas. Finger-pointers from Washington, the International Monetary Fund, and even Saudi Arabia no longer seem to buy the idea that the demand for oil around the world is simply growing faster than the supply, driving prices to record highs close...
Yes indeed I made a mistake in referring to it as "energy depletion" instead of "oil/natural gas/uranium/coal/whale oil/etc depletion" or as "non-renewable energy depletion". I used a short hand where I likely shouldn't have. Not to over-analize :) too much, but so much for my ...
Seemingly, crude oil prices should be the most reliable determinant of CDS spreads as the profitability of firms in the oil and gas industry crucially depends on the price of its main output. However, given the fact that oil prices are perceived as a barometer for global demand, financial ...