This paper examines the value of international cooperation in an oil supply disruption. The perspective is that of oil-importing countries; since the oil market is integrated internationally, the actions of one have spillover effects on the others. We focus on bulTer stock policies, with each player maximizing the present value of national income less the cost of operating the stockpile program...

The International Energy Agency (IEA), an autonomous agency, was established in November 1974. Its primary mandate was – and is – twofold: to promote energy security amongst its member countries through collective response to physical disruptions in oil supply, and provide authoritative research and analysis on ways to ensure reliable, affordable and clean energy for its 28 member countries and...

This paper develops and simulates a dynamic general equilibrium macroeconomic model to analyze the likely impact of oil production and revenue rehabilitation on the Libyan economy, under different government fiscal policy responses. The model is ideally appropriate to analyze macroeconomic issues in oil-producing developing countries. In particular, it is capable of incorporating alternative go...

within the framework of international political economy, this article discusses the situation of energy resources, including oil and gas, in central asia and argues that due to abundance of oil and gas resources in such countries as kazakhstan, turkmenistan and uzbekistan, and hefty revenues generated by those resources, statesmen in these countries are planning to turn central asia into a majo...

the analyze of petroleum contracts demonstrate that in respect to the intensity of the cooperation between the state company and oil companies, we could find the different evaluative categories of the contracts on upstream oil industry.historically, the first generation of the petroleum contracts was the concession agreement in which the transferring of ownership was the base. the license agree...

Two percent neem oil mixed in coconut oil, when applied to the exposed body parts of human volunteers, provided complete protection for 12 h from the bites of all anopheline species. Application of neem oil is safe and can be used for protection from malaria in endemic countries.

a r t i c l e i n f o A global computable general equilibrium model is used to analyze the economic impacts of rising oil prices with endogenously determined availability of biofuels to mitigate those impacts. The negative effects on the global economy are comparable to those found in other studies, but the impacts are unevenly distributed across countries/regions or sectors. The agricultural s...

During the past three decades the global oil market has seen significant price volatility. Literature to date has not analysed the cross-country effect of the recent episode of price instability. Previous studies have either not considered this period or have not utilised panel data techniques and therefore have not provided a comparative analysis of developed and developing countries. This pap...