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The impact of price variation on the production of crude oil and natural gas

✍ Scribed by Noel D. Uri

Publisher
Elsevier Science
Year
1981
Tongue
English
Weight
806 KB
Volume
6
Category
Article
ISSN
1751-4223

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πŸ“œ SIMILAR VOLUMES

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This study begins by asking whether fluctuations in the price of crude oil have affected employment in the United States. After reviewing previous assessments of the issue, the existence of an empirical relationship between unemployment and crude oil price volatility is established using Granger cau

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This study tested for the presence of risk premiums on crude oil and natural gas. The econometric analysis followed from a stochastic model in which the equilibrium value of inventories depends on a convenience yield and an option value related to price uncertainty. The empirical findings provide ra