The Price of Oil – Will it Start Rising Again?

Fournier, Jean‐Marc; Koske, Isabell; Wanner, Isabelle; Zipperer, Vera

doi:10.1787/5k49q186vxnp-en

Cited by 9 publications

(5 citation statements)

References 33 publications

(26 reference statements)

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“…At the same time, a rising proportion of the planet's conventional oil production came from fields that had passed peak output and were exhibiting year-over-year production declines (Sorrell et al 2012, IEA 2013, Höök et al 2014). Finally, the energetic cost of http://www.ecologyandsociety.org/vol20/iss3/art6/ finding and producing new sources of oil continued to rise steadily, which meant that the energy return on investment (EROI) fell for both conventional and nonconventional sources (Guilford et al 2011, Fournier et al 2013, Murphy 2014, Hall et al 2014). [5] These stresses combined to sharply reduce slack in the global oil market, making it more tightly coupled and reducing the elasticity of supply for liquids (Murray and King 2012).…”

Section: Illustrations Illustration 1: the 2008 Financial-energy Crisismentioning

confidence: 99%

Synchronous failure: the emerging causal architecture of global crisis

Homer‐Dixon¹,

Walker²,

Biggs³

et al. 2015

E&S

181

113

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ABSTRACT. Recent global crises reveal an emerging pattern of causation that could increasingly characterize the birth and progress of future global crises. A conceptual framework identifies this pattern's deep causes, intermediate processes, and ultimate outcomes. The framework shows how multiple stresses can interact within a single social-ecological system to cause a shift in that system's behavior, how simultaneous shifts of this kind in several largely discrete social-ecological systems can interact to cause a far larger intersystemic crisis, and how such a larger crisis can then rapidly propagate across multiple system boundaries to the global scale. Case studies of the 2008-2009 financial-energy and food-energy crises illustrate the framework. Suggestions are offered for future research to explore further the framework's propositions.

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Section: Illustrations Illustration 1: the 2008 Financial-energy Crisismentioning

confidence: 99%

Synchronous failure: the emerging causal architecture of global crisis

Homer‐Dixon¹,

Walker²,

Biggs³

et al. 2015

E&S

181

113

View full text Add to dashboard Cite

show abstract

“…Oil consumption may also be destroyed without a price increase due to lowered purchasing power and economic downturn, which has been the case in several European countries. (Fournier J. et al 2013), (Kumhof & Muir 2012), (Lutz et al 2012), (Murrey & King 2012).…”

Section: Introductionmentioning

confidence: 99%

Transport reduction by crowdsourced deliveries – a library case in Finland

Paloheimo

Lettenmeier

Waris³

2016

Journal of Cleaner Production

129

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“…As opposed to oil demand price elasticities, there exist rather few empirical studies of oil supply price elasticities. This is also pointed out by Fournier et al (2013), who set the price elasticity of supply equal to the (absolute value of the) estimated demand elasticity ( -0.2) in their simulations. Above we referred to a study by Askari and Krichene (2010), who estimates long-run demand and supply elasticities around 0.01 in absolute value.…”

Section: Price Responsiveness Of Non-opec Supplymentioning

confidence: 81%

Climate Policies in a Fossil Fuel Producing Country: Demand versus Supply Side Policies

Fæhn¹,

Hagem²,

Lindholt³

et al. 2017

The Energy Journal

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The Price of Oil – Will it Start Rising Again?

Abstract: Complete document available on OLIS in its original format This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

Cited by 9 publications

References 33 publications

Synchronous failure: the emerging causal architecture of global crisis

Synchronous failure: the emerging causal architecture of global crisis

Transport reduction by crowdsourced deliveries – a library case in Finland

Climate Policies in a Fossil Fuel Producing Country: Demand versus Supply Side Policies

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