The Future of Oil: Geology Versus Technology

Chauvet, Marcelle; Selody, Jack; Laxton, Douglas; Kumhof, Michael; Beneš, Jaromí­r; Kamenik, Ondrej; Mursula, Susanna

doi:10.5089/9781475503302.001

Cited by 20 publications

(3 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Considering a climate-constrained future to maintain global temperatures by carbon abatement, there is increasing consensus that continued reliance of oil is not sustainable (Chauvet et al, 2012;Glynn et al, 2014;Newman et al, 2009;Sovacool, 2007). Hence the case for energy transition is increasingly supported.…”

Section: Introductionmentioning

confidence: 99%

The tale of two (very different) cities – Mapping the urban transport oil vulnerability of Brisbane and Hong Kong

Leung

Burke

Cui

2018

Transportation Research Part D: Transport and Environment

View full text Add to dashboard Cite

Peak Oil impacts have resulted in fluctuating and increasing oil prices in cities that are more dependent on imported oil. This issue has been receiving greater attention in Anglosphere land use and transport scholarship, especially in Australia where automobile use is high and public transport is comparatively inadequate. Higher transport cost could exacerbate transport disadvantage and cause social exclusion. However the geographical study of spatial variation of oil vulnerability within cities has not yet fully explored. Most international comparative urban studies on energy and/or oil use focus on aggregated municipal data only. This paper studies the comparative experience of spatial urban oil vulnerability in two very different Asia Pacific cities -Brisbane and Hong Kong. Census and journey to work data are used to evaluate and map oil vulnerability based on prevailing vulnerability concepts of exposure, sensitivity with a specific focus on adaptive capacity. More advanced GIS methods are used to visualise and relate oil vulnerability indicators with various socio-demographic and transport characteristics for better understanding of this issue. Both cities' urban transport polices are also examined to explain the differences of transport and land use development and the resultant oil vulnerability. This study allows direct comparison of stark contrasts between one Asian and one western city in terms of urban form (dispersed vs. compact) and mode share (transit vs. car based). The policy, geographical and cultural context of both cities have influenced the type and extent of oil vulnerability. Hong Kong with a highly developed public transport network serves as a preferred urban transport model. However the risk of increasing oil prices also affects oilbased public transport such as buses and ferries and outer urban areas tend to be more affected. Despite the promise of electric vehicles reducing oil use, cities should still avoid being car dependent and oil vulnerable like Brisbane. The Hong Kong approach of strong transit-led transport policies and land-use matching with rail infrastructure investments that reduce oil consumption offers longer-term resilience.

show abstract

Section: Introductionmentioning

confidence: 99%

The tale of two (very different) cities – Mapping the urban transport oil vulnerability of Brisbane and Hong Kong

Leung

Burke

Cui

2018

Transportation Research Part D: Transport and Environment

View full text Add to dashboard Cite

show abstract

“…The previous researches were limited by oil importing countries. The impact of oil prices on well-being in oil exporting countries seems complex, because positive influence can be compensated by rising exchange rate and the unsuitable side effects of rising oil prices (Corden and Neary, 1982;Corden, 1984;Frankel, 2010;Chauvet et al, 2012;Al Sabah, 2019). Although there were few macroeconomic researches in oil-exporting countries, the existing one reflects high variations from one country to another one.…”

Section: The Impact On Exporting Countriesmentioning

confidence: 99%

The Impact of Oil Prices on Income in Azerbaijan

Humbatova

Hajiyev

2022

IJEEP

View full text Add to dashboard Cite

Oil prices in the global market have been fluctuating sharply since the end of the XX century. As oil is a predominant component that affects global indicators, it is necessary to assess by economists. Because GDP per capita, exchange rate, and total trade turnover depend on the effects of oil price shocks. This article researched the impact oil fluctuations on income from a short and long-term perspective. For the purpose of the research, Azerbaijan has been exemplified as an oil-producing country for the period of 2001m01-2021m06. Applying the empirical method, we achieved that world oil shocks affected income (in dollar) significantly in a short perspective. The recent declining oil prices make this topic more valuable to research. Moreover, as many empirical methods show asymmetric dependency, the research focused mainly on negative shocks of oil prices.

show abstract

“…The theory of Hubbert's Peak was also attracting supporters in the analyst community. This theory highlighted that since 2005 oil production has been practically stagnant (Chauvet et al, 2012). The increase in output would have been faced by spared capacity, not by new projects.…”

Section: Introductionmentioning

confidence: 99%

Oil Costs and Prices: An Empirical Causality Analysis

Alonso

Roque

2021

IJEEP

View full text Add to dashboard Cite

This study analyzes the causal relationship between oil prices and production costs and their implication over hedging in production companies. Two different data sets have been used as a proxy for production costs: (1) monthly product price index related to oil activities from the Bureau of Labour of Statistics; (2) yearly data obtained from reports of publicly traded oil companies. For the oil price, different future contracts of Brent (1M, 12M, 24M, 60M) have been explored. Based on Granger's definition of causality, and using the Toda and Yamamoto (1995) methodology, both causal directions have been tested. The results obtained indicate that oil prices (any term of the curve) Granger-cause production costs, and not the other way around (as it has been considered for many specialists) in any term of the curve.

show abstract

The Future of Oil: Geology Versus Technology

Cited by 20 publications

References 7 publications

The tale of two (very different) cities – Mapping the urban transport oil vulnerability of Brisbane and Hong Kong

The tale of two (very different) cities – Mapping the urban transport oil vulnerability of Brisbane and Hong Kong

The Impact of Oil Prices on Income in Azerbaijan

Oil Costs and Prices: An Empirical Causality Analysis

Contact Info

Product

Resources

About