Global ETD Search

1	Crude Oil Volatility during the Shale Revolution Huesing, Alex 01 January 2018 (has links) The purpose of this paper is to offer a review of the history of oil in order to build an understanding of the factors that make the commodity innately volatile. Then, we explain the recent development of US shale production, which may threaten to disrupt the status quo in oil markets. In the last decade, markets have endured two price collapses that are historic both in their frequency and individual magnitudes; however, recent volatility has remained low. We hypothesize that the shale revolution in the United States may have played a role in this new trend. Following the tradition of Pindyck (2004), we utilize a GARCH model in order to analyze crude-oil price volatility since 2004. In order to measure the effects of the shale revolution, we leverage a major news shock in August 2013, at which time Pioneer Natural Resources made the single largest announcement of new retrievable shale reserves in history. We find that the news announcement had a positive effect on the conditional variance of oil and a negative effect on daily returns. The limitations of our instrument for shale production constrain our interpretation of these results, preventing any definitive conclusions about shale companies’ possible role as a volatility-reducing swing producers. oil volatility GARCH shale shale revolution Econometrics Finance
2	Energetická bezpečnost a americká geopolitika Blízkého východu / Energy Security and U.S. Middle East Geopolitics Vaculíková, Eva January 2016 (has links) Decades of cooperation between the United States and its Middle Eastern partners have come to a turning point. The 2008 Shale Revolution has brought the United States heretofore unknown scale of energy independece. The Revolution has created an unprecedented increase in United States' unconventional cost-effectively extractable energy reserves. It is estimated that within next two decades the United States should change from net importer of hydrocarbons to net exporter. There is a lot of speculation, whether due to possible energy independece, the foreign policy towards its Middle Eastern partners would change and whether the United States would isolate itself. Aim of this work is to explore the impact of the Shale Revolution on energy security of the United States and its implications for future geopolitics towards the Middle East. The main question to be explored is whether it would change United States' geopolitics at all and if yes, how would it look like. Since domestic oil prices are based on global energy prices and since Middle Eastern partners are unique in their capability of supplying global energy markets with large quantities of oil in the long run, even after the Shale Revolution it will be essential for the United States to continue its cooperation with its Middle Eastern partners....
3	Economic impact of shale gas development in the context of energy security of the EU / Economic impact of shale gas development in the context of energy security of the EU Kondratenko, Ivan January 2016 (has links) The Thesis aims to analyze the possible shale gas development in the EU in context with raising problem of energy security. Based on the experience of shale revolution in the USA and econometric modelling using the method of Ordinary Least Squares with Fixed Effects to test the dependence of price on shale gas production, the transfer of US model to the EU is discussed. The results show that shale production affects the price negatively and that US model is successful due to multiple reasons, primarily presence of experienced companies, geological structure and strong regulation rules. The Thesis shows the unsuitability of the US model for the EU market. After the first enthusiasm for shale plays research in late 2000s the multiple barriers for drilling have risen up; the most significant are the environmental worries; both on governmental and public levels. US companies have lost interest in the EU and moved to other parts of the world. The shale gas development is not able to affect the energy security of the EU on European, international level.
4	Transitioning Central Appalachia: Understanding Framework Conditions Supporting the Adaptation to New Energy Economies Jonathan, Norris Allen 11 July 2018 (has links) No description available. Alternative Energy Area Planning and Development Climate Change Economic Theory Economics Environmental Studies Natural Resource Management Energy Public Administration Sustainability energy Appalachia coal boom bust oil and gas resource curse natural resources governance institutions economic diversity economic diversification shale shale revolution fossil fuel

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