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This is a modern text and reference book on energy economics. It assumes as background only the microeconomic portion of the introductory or first course in economics, and the mathematical requirements can, for the most part, be met by secondary school algebra. The subjects taken up in some detail are: oil, gas, coal, electricity, and energy derivatives – i.e. futures, options, and swaps. The long chapter on derivatives is applicable to all commodities, and can serve as an easily read background to financial derivatives. Other topics that are treated include uranium and capital budgeting, and to a lesser extent real option theory and deregulation. There are many simple exercises that are intended to build confidence, and an exten
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Drawing upon recent progress in development economics and political science, the book provides fresh analysis of the Caucasus and Central Asia (CCA) countries transition to a market economy by tracing the impact of natural resource endowment. The book examines the synergies between energy-rich and energy-poor states and highlights the practical consequences of both well-managed and poorly-managed deployment of energy. Featuring contributions from prominent specialists on resource-driven economies, the book argues that unless CCA elites change the way in which they deploy natural resource, revenues regional development will fall short of its potential with possible disastrous consequences. The contributors apply the experience of the develo
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The nineties have seen a fundamental shift in the policy and practice governing the pricing and marketing of petroleum products in Sub-Saharan Africa. Strict government control has been replaced by liberalization. Oil multinationals have been permitted once more to pursue their own strategies in importing and retailing petroleum products. In this volume, the consequences of this shift are examined in the context of two very different cases: Kenya, where full liberalization has been achieved, and Ethiopia, where the transition from state control to liberalization has just begun. A comparative analysis of these cases yields valuable insights into policies and strategies that African countries need to deploy to ensure lasting benefits from lib
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Examining the interplay between Caspian security and energy development, this comprehensive book offers important new findings about the relationship between competition for energy resources; political and economic development in Azerbaijan, Kazakhstan, and Turkmenistan; and the propensity for conflict in the Caspian region. The contributors, a leading group of scholars and policymakers, also explore the ways in which Russia, China, Iran, and Turkey are fighting to protect their energy interests in the newly independent states and how this rivalry influences regional security and U.S. policy.
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The nineties have seen a fundamental shift in the policy and practice governing the pricing and marketing of petroleum products in Sub-Saharan Africa. Strict government control has been replaced by liberalization. Oil multinationals have been permitted once more to pursue their own strategies in importing and retailing petroleum products. In this volume, the consequences of this shift are examined in the context of two very different cases: Kenya, where full liberalization has been achieved, and Ethiopia, where the transition from state control to liberalization has just begun. A comparative analysis of these cases yields valuable insights into policies and strategies that African countries need to deploy to ensure lasting benefits from lib
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The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications. In broadening the public understanding of government and its work, an enlightened democracy can grow and prosper. Ranging from historic Congressional Bills to the most recent Budget of the United States Government, the BiblioGov Project spans a wealth of government information. These works are now made available through an environmentally friendly, print-on-demand basis, using only what is necessary to meet the required demands of an interested public. We invite you to learn of the records of the U.S. Government, heightening the knowledge and debate that can lead from such publications.
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