Advertisement

Impact of High Energy Prices

  • Subhes C. Bhattacharyya
Chapter

Abstract

This chapter focuses on the issue of high energy prices and their impacts on the economy. As the impact would be different for the importing and exporting countries, this chapter considers them separately. The purpose of this chapter is to explain the economic dimension of the problem and discusses the policies that can be taken to improve the situation.

Keywords

Energy Intensity High Energy Price Windfall Gain Spending Effect Energy Price Shock 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Auty RM (2002) Resource abundance and economic development. A study for the World Institute of Development Economics Research of the United Nations University. Oxford University Press, LondonGoogle Scholar
  2. Babusiaux D, Gnansounou E, Percebois J (2007) Energy vulnerability: the right indicators. Session 31—Geopolitics II, 9th IAEE European conference, Florence, ItalyGoogle Scholar
  3. Bacon R, Kojima M (2008) Oil price risks: Measuring the vulnerability of oil importers. Viewpoint 320, World Bank, Washington, DCGoogle Scholar
  4. Bhattacharryya SC, Blake A (2009) Analysis of oil export dependency of MENA countries: drivers, trends and prospects. Energy Policy 38:1098–1107CrossRefGoogle Scholar
  5. Bhattacharyya SC (2009) Fossil-fuel dependence and vulnerability of electricity generation: case of selected European countries. Energy Policy 37:2411–2420CrossRefGoogle Scholar
  6. Codoni R, Park HC, Ramani KV (1985) Integrated energy planning: a manual. Asian and Pacific Development Centre, Kuala LumpurGoogle Scholar
  7. Corden WM (1984) Booming sector and the Dutch disease economics: survey and consolidation. Oxf Econ Pap 36(3):359–380Google Scholar
  8. Davis J, Ossowski R, Daniel J, Barnett S (2001) Oil funds: problems posing as solutions? Finance Dev 38(4). See http://www.imf.org/external/pubs/ft/fandd/2001/12/davis.htm
  9. ESMAP (2005a) The impact of higher oil prices on low income countries and on the poor. Energy Sector Management Assistance Programme, World Bank, Washington, DCGoogle Scholar
  10. ESMAP (2005b) The vulnerability of African countries to oil price shocks: major factors and policy options–the case of oil importing countries. Energy Sector Management Assistance Program, World Bank, Washington, DCGoogle Scholar
  11. Fattouh B (2005) The causes of crude oil price volatility. Middle East Econ Surv 58(13). See (http://www.mees.com/postedarticles/oped/v48n13-5OD01.htm)
  12. Gelb AH (1988) Oil Windfalls: blessings or curse. World Bank Publication, Oxford University Press, LondonGoogle Scholar
  13. GTZ (2009) International fuel prices, 2009 edn. GTZ, Germany. See http://www.gtz.de/de/dokumente/gtz2009-en-ifp-full-version.pdf
  14. Hannesson R (1998) Petroleum economics: issues and strategies of oil and natural gas production. Quorum Books, LondonGoogle Scholar
  15. IEA (2004) Key world energy statistics 2004. International Energy Agency, ParisGoogle Scholar
  16. IMF (2000) The impact of higher oil prices on the global economy. International Monetary Fund, Washington, DC. See http://www.imf.org/external/pubs/ft/oil/2000/
  17. IMF (2005) World economic outlook 2005. International Monetary Fund, Washington, DCGoogle Scholar
  18. Kaya Y (1990) Impact of carbon dioxide emission control: Interpretation of proposed scenarios. IPCC, Energy and Industry subgroup, ParisGoogle Scholar
  19. Koyama K (2005) The recent high oil prices: its background and future prospects. Executive summary. Institute of Energy Economics, Japan. See http://eneken.ieej.or.jp/en/data/pdf/306.pdf
  20. Krichene N (2006) Recent dynamics of crude oil prices. IMF working paper, International Monetary Fund, Washington, DCGoogle Scholar
  21. Munasinghe M, Meier P (1993) Energy policy analysis and modeling. Cambridge University Press, LondonGoogle Scholar
  22. Nakawiro T, Bhattacharyya SC (2007) High gas dependence for power generation in Thailand: the vulnerability analysis. Energy Policy 35(2007):3335–3346CrossRefGoogle Scholar
  23. Neary JP, Van Wijnbergen S (eds) (1986) Natural resources and macro-economy. The MIT Press, CambridgeGoogle Scholar
  24. Percebois J (2007) Energy vulnerability and its management. Int J Energy Sector Manage 1(1):51–62CrossRefGoogle Scholar
  25. RBS (2004) The economic impact of high oil prices. Group Economics, Royal Bank of Scotland, Edinburgh. See http://www.rbs.com/content/media_centre/rbs_and_the_economy/downloads/world/oil_prices.pdf
  26. Saif I (2009) The Oil boom in GCC countries, 2002–2008: old challenges, changing dynamics. Carnegie Endowment for International Peace, Washington, DCGoogle Scholar
  27. USGAO (1996) Energy security: evaluating U.S. vulnerability to oil supply disruptions and options for mitigating the effects. Report to the Chairman, Committee on the Budget, House of Representatives, The U.S. General Accounting Office (USGAO), December 1996Google Scholar
  28. WEC (2008) Europe’s vulnerability to energy crisis. World Energy Council, London. See http://www.worldenergy.org/documents/finalvulnerabilityofeurope2008.pdf
  29. World Bank (2005) Middle East and North Africa: 2005 economic developments and prospects—oil booms and revenue management. World Bank, Washington, DCGoogle Scholar

Copyright information

© Springer-Verlag London Limited 2011

Authors and Affiliations

  1. 1.Centre for Energy, Petroleum and Mineral Law and PolicyUniversity of DundeeDundeeUK

Personalised recommendations