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This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Indexes the tables, graphs, and formatted data presented in the statistical publications of the EIA.
Originally published in 1972, Regulation of the Natural Gas Producing Industry combines several papers prepared for a seminar in Washington D.C in 1970.The purpose of this seminar was to exchange views between specialists on the issues related to regulation natural gas production. As such these papers explore issues such as producer price regulations, arguments for and against the regulation of natural gas, the changing environment of natural gas supply and what the future holds in terms of the natural gas producing industry. This title will be of interest to students of Environmental Studies and policy makers.
This book is open access under a CC BY 4.0 license. This book examines how China can increase the share of natural gas in its energy system. China’s energy strategy has global ramifications and impact, and central to this strategy is the country’s transition from coal to gas. The book presents the culmination of a two-year collaboration between the Development Research Center of the State Council (DRC) and Shell. With the Chinese government’s strategic aim to increase the share of gas in the energy mix from 5.8% in 2014 to 10% and 15% in 2020 and 2030 respectively, the book outlines how China can achieve its gas targets. Providing both quantifiable metrics and policy measures for the transition, it is a much needed addition to the literature on Chinese energy policy. The research and the resulting recommendations of this study have fed directly into the Chinese government’s 13th Five-Year Plan, and provide unique insights into the Chinese government and policy-making. Due to its global impact, the book is a valuable resource for policy makers in both China and the rest of the world.
This book covers available approaches to improving the performance and impact of long-term projections of the national energy sector development. In turn, it introduces an original multi-stage approach to narrowing down the uncertainty range of the input data and resulting projections. Its unique contribution is that it limits the scope for each of the projection timeframe segments step-by-step. This is done in the course of iterative calculations, which employ dedicated methods and other tools to elucidate and solve top-priority problems specific to each time segment. In closing, the book provides a detailed treatment of two essential research problems: 1) long-term forecasting for regional energy markets, and 2) the quantitative assessment of a) the barriers that are likely to hinder energy sector development and b) strategic-level energy security threats.
Alex Cowie As the twentieth century draws to a close, one of our greatest problems is the availability of energy. One way to study the energy problem is to resolve it into four areas; energy demand, energy sources, transportation of energy from sources to demand centers, and the optimal allocation of energy forms to demands. Each of these areas is extremely complex by itself. When efforts are made to tie them together, for example, to produce a National Policy, the complexities are compounded. Another way to study the energy problem, because of its political and so cial consequences, is to resolve it into geographical areas. Individual prov inces of Canada or states of the United States will have their concerns about energy within their geographical boundaries. As producer, consumer, or both, each wants to ensure an energy development program which will work to the maximum benefit of its citizens. Similarly, countries endeavor to pro tect their citizens and undertake energy policies that will assure either a con tinuation of the existing quality of life or - particularly in the case of "Third World" countries - a marked improvement in quality of life. These competing and conflicting goals call for a study which encompasses the whole world. Again, complexity is piled upon complexity. If the prob lem is not yet sufficiently complex, there is an equally complex question of the effect of energy production and use on the ecology.