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FAQs about oil and the world economy

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Author Info
Douwe Kingma ()
Wim Suyker ()

Additional information is available for the following registered author(s):

Abstract

The following frequently asked questions about oil and the world economy are answered (with references):

Who are the main oil producers? Where is the oil used? What about oil reserves? How important is oil as an energy carrier? Is oil crucial for the world economy? Has oil become less important? What determines the price of oil? What about the current oil price? Is there only one oil price? How powerful is OPEC? What is the role of speculators? How important are taxes? Is the oil price higher in winter? What implies a higher oil price for the world economy? Are these calculations on oil price shocks without qualification? Are futures good predictors for prices in the near future? What will bring the future?

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File URL: http://www.cpb.nl/eng/pub/cpbreeksen/memorandum/104/memo104.pdf
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Publisher Info
Paper provided by CPB Netherlands Bureau for Economic Policy Analysis in its series CPB Memoranda with number 104.

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Date of creation: Dec 2004
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Handle: RePEc:cpb:memodm:104

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Related research
Keywords: oil; oil price; opec;

Find related papers by JEL classification:
Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Robert Barsky & Lutz Kilian, 2004. "Oil and the Macroeconomy Since the 1970s," NBER Working Papers 10855, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Johannes Bollen & Ton Manders & Machiel Mulder, 2004. "Four futures for energy markets and climate change," CPB Special Publications 52, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  3. Fleming, Jeff & Ostdiek, Barbara, 1999. "The impact of energy derivatives on the crude oil market," Energy Economics, Elsevier, vol. 21(2), pages 135-167, April. [Downloadable!] (restricted)
  4. Anne-Marie Brook & Robert Price & Douglas Sutherland & Niels Westerlund & Christophe André, 2004. "Oil Price Developments: Drivers, Economic Consequences and Policy Responses," OECD Economics Department Working Papers 412, OECD, Economics Department. [Downloadable!]
  5. Sanders, Dwight R. & Boris, Keith & Manfredo, Mark, 2004. "Hedgers, funds, and small speculators in the energy futures markets: an analysis of the CFTC's Commitments of Traders reports," Energy Economics, Elsevier, vol. 26(3), pages 425-445, May. [Downloadable!] (restricted)
  6. Thomas Dalsgaard & Christophe André & Pete Richardson, 2001. "Standard Shocks in the OECD Interlink Model," OECD Economics Department Working Papers 306, OECD, Economics Department. [Downloadable!]
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