Energy Economics
Interfuel Substitution and Technical Change in the US Electricity Generating Industry under the Tradable Sulphur Allowance Scheme 1990-2004
Published: 2nd March 2008| By: Lindsay Tuthill
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Investment in Electricity Generation under Emissions Price Uncertainty: The Plant-Type Decision
Published: 2nd March 2008| By: Lindsay Tuthill
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Entry–Exit Transmission Pricing with Notional Hubs: Can it Deliver a Pan-European Wholesale Market in Gas?
Published: 1st February 2008| By: Paul Hunt
For almost 20 years since the Single European Act of 1987 the European Commission, in cooperation with the Council and Parliament, has being pursuing a programme to complete the internal market for electricity and gas. Much of the initial motivation sprang from concerns about the international competitiveness of European industries, but it has expanded to [...]
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The Dolphin Project: The Development of a Gulf Gas Initiative
Published: 1st January 2008| By: Justin Dargin
Qatar is positioning itself to take advantage of the worldwide increase in gas demand. The small nation is strategically placed in the Gulf, at the tip of Saudi Arabia, where it straddles Bahrain and the UAE. Although among the leaders in natural gas production, Qatar arrived relatively late on the natural gas scene, in part, [...]
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The Dynamics of Crude Oil Price Differentials
Published: 1st January 2008| By: Bassam Fattouh
Despite the wide variety of internationally traded crude oils with different qualities and characteristics (the 2006 International Crude Oil Market Handbook describes more than 160 traded crude oil streams), many observers consider the world oil market as ‘one great pool’ (Adelman, 1984). Others argues that oil markets are ‘globalized’ in the sense that supply and [...]
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Why do Oil Shocks no Longer Shock?
Published: 1st October 2007| By: Paul Segal
Oil prices and economic cycles have been firmly linked in the public imagination since the oil shocks of the 1970s, and the global recessions that followed. Spurred by these events, economists in the 1980s analysed the relationship in a number of econometric studies, demonstrating a negative correlation in the US and other industrial countries between [...]
Download the Publication 300.25KBCategories / Energy Economics, Oil, Oil & Middle East Programme, Working Papers
Energy: the long view
Published: 1st October 2007| By: Malcolm Keay
This paper looks at some long-term aspects of energy supply and use over the periods before and since the industrial revolution. It is intended to provide an overview and draw out some issues which deserve more sustained examination, not to give a definitive or comprehensive coverage of such a wide field. The rationale for the [...]
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Ukraine’s Gas Sector
Published: 1st June 2007| By: Simon Pirani
The paper aims to provide an overview of the Ukrainian gas sector. Public discussion in western Europe has turned to Ukraine as a transit country – through which more than four-fifths of Russian gas exports to Europe pass – when its disputes with Russia have threatened to interrupt supply. Such an occasion was in the [...]
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The Liberalization of Natural Gas Markets: Regulatory Reform and Competition Failures in Italy
Published: 1st May 2007| By: Alberto Cavaliere
The European Union (EU) began a liberalization process during the past decade, in order to create an internal market for gas by breaking up vertically integrated national companies, allowing entry on the supply side and consumer switching on the demand side. The final aim of this process – to create a single market for gas [...]
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Is There a Rationale for the Continuing Link to Oil Product Prices in Continental European Long Term Gas Contracts?
Published: 1st April 2007| By: Jonathan Stern
This paper examines the rationale for the continuing linkage of European gas prices to oil product prices. With the passage of liberalisation and competition legislation by the EU and national governments, starting in the late 1990s, it was expected that prices would be determined by gas to gas competition, as happened in both North America [...]
Download the Publication 530.5KBCategories / Country and Regional Studies, Energy Economics, Energy Policy, Energy Security, Gas, Gas Programme, Oil, Working Papers