Questions tagged [oil]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
1
vote
1answer
30 views

How exactly did Venezuela's economy fail?

Venezuela has unfortunately become the example of a first-world, wealthy democracy failing, and I'd like to make sure I understand why. My understanding comes down to a few major steps, namely: ...
1
vote
0answers
11 views

Can the effect of different prices of gasoline at different gas stations be measured?

I am looking for studies in which the effect on demand of different prices of gasoline at different gas stations in the same area is measured or estimated (on the same day or hour). This question ...
0
votes
0answers
18 views

Is oil supply really inelastic in the short term

Is oil supply really inelastic in the short run? Though it remains evident that in the short run, the known capacities of oil can't be increased and hence we can assume that there remains a upper cap ...
2
votes
0answers
25 views

What do the excess supply and demand numbers in this chart mean?

From Econ 101, I thought markets are supposed to equilibrate so that there isn't any excess supply or excess demand. But from a WSJ story, we have the chart below. I believe it says, for example, ...
0
votes
0answers
5 views

Clarification on futures market and price speculations leading to oil price hike in mid 2000s

I am sorry if this question has already been asked. I am very new to the field of economics, and I am currently trying to understand the idea of futures market and price speculations in relation to a ...
3
votes
1answer
187 views

Was the 2008 financial crisis caused more by the US subprime mortgage lending or more by an international energy and oil pricing crisis?

I recently read The Big Short by Michael Lewis in which the depiction of the role of subprime mortgage lending in the US and then run away speculation on CDOs are shown to be the central and primary ...
1
vote
0answers
27 views

Will there be any significant impact if oil was priced/traded in another currency other than USD?

There is an abundance of conspiracy theories online that the USD is propped up in part by the fact that oil is traded in USD, and that countries which think about allowing trades in a different ...
1
vote
2answers
32 views

Crude oil price changing factors

I tried to summarize my thoughts about oil price changes, and try to understand the next weeks. Will decrease price: OPEC output is higher every month, increasing supply. interest rates goes up, ...
-1
votes
1answer
64 views

Would a very cheap renewable energy source be harmful economically?

This question is not on whether these devices work or not but so much as if they did work. What if electricity can be made so cheap that everyone could afford it ti the point there was no demand for ...
1
vote
1answer
26 views

Why does a lack of pipelines cause Canadian crude oil to trade at a discount compared to US crude oil?

There is an ongoing political battle in Canada about the proposed expansion of the Kinder Morgan Trans Mountain pipeline. One argument in favour of the expansion that is repeated by just about every ...
0
votes
1answer
25 views

Oil price decreases due to supply decrease?

I am reading this article on the Financial Times: Oil prices hit as US gulf coast faces hurricane If the production of oil is forecast to decrease, that means the supply would decrease. Surely the ...
5
votes
1answer
770 views

Simple model to predict oil prices

Back when Hugo Chavez was still alive (former leader of Venezuela), he said they made "simulations" to predict how much oil prices will increase if they retire the supply of oil they were giving to ...
2
votes
0answers
23 views

Oil prices and data frequency

Does higher frequency data have a larger effect on next day crude oil prices than data with lower periodicity? Looking at demand and supply indicators for crude oil, such as opec / non-opec ...
1
vote
1answer
30 views

How to measure expected price growth rate for oil?

How can someone measure the expected annual price growth rate for oil? Also, where can I find past annual price growth rate for oil values? Any help would be appreciated.
1
vote
0answers
30 views

Falling oil prices but no benefits passed on to the end user; government's strategy

Even though the oil prices have fallen rapidly in the recent years, the cost of petroleum products hasn't gone down in India. Apart from raising more revenue, what are the other benefits the ...
0
votes
1answer
56 views

How are petro states able to maintain gasoline subsidies without black market export smuggling?

I don't understand how petro states can have crazy low gasoline prices without smugglers exporting the gasoline and selling it elsewhere. For example, in Venezuela the domestic price of gasoline is ...
3
votes
1answer
57 views

Crude oil benchmarks and production places

I discovered recently that there are 3 main price indicators for crude oil (used by the IMF): WTI, Dubaï, and UK Brent. If I understand correctly, each place trades some specific kind of oil (with ...
0
votes
1answer
50 views

Saudi Arabia motivations for OPEC production cut

I'm wondering whether one of Saudi Arabia's principle motivations for supporting OPEC production cuts is so that the price of crude oil will increase and so Saudi Aramco, Saudi's state-owned oil ...
4
votes
2answers
322 views

How helpful is Hotelling's Rule in determining the price of oil?

After posting this question, I realized that there was quite a bit of controversy surrounding the use of Hotelling's Rule to estimate the price of oil. Participants on this site seemed to be evenly ...
4
votes
1answer
48 views

Why are oil prices increasing in India despite countervailing trends in the international market?

Crude oil price is decreasing in the international market. But in India, the price of petrol and diesel is gradually increasing. Why?
2
votes
3answers
148 views

Russian ruble drop in value due to low oil prices

http://www.americanactionforum.org/research/impact-falling-oil-prices-russian-financing/ Based on the above article, the author states that "For budgeting, this favors the oil exporter, because a ...
1
vote
1answer
46 views

Which elements to forecast/estimate Oil/Pretroleum derivatives, would you consider?

I mean, if you had to forecast the price or production volumes of polyethylene or polyurethane, for example, which elements would you include to the model, in addition to oil crude prices/volumes? ...
4
votes
1answer
75 views

Why is oil price increasing in May 2016

Why is the oil price and correspondingly the down and midstream company stock prices are increasing in May 2016, when The economic data across the world in weak China's economy is sluggish. They had ...
8
votes
6answers
391 views

Why do falling oil prices take stocks with it?

The price of oil fell again today and is now below $30/barrel for the first time in 12 years. Along with the fall came most of the US stock markets. If I didn't know any other information except for "...