News Shocks in Open Economies

News Shocks in Open Economies

Author: Mr.Rabah Arezki

Publisher: International Monetary Fund

Published: 2015-09-29

Total Pages: 54

ISBN-13: 1513590766

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This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.


Evolution's Edge

Evolution's Edge

Author: Graeme Taylor

Publisher: New Society Publishers

Published: 2008-07-01

Total Pages: 321

ISBN-13: 1550923811

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The brink of catastrophe or the edge of evolution? The choice is ours. Gold-winner in the "Most Likely to Save the Planet" category of the Independent Publisher Book Awards (IPPY). This brilliant book is a big-picture synthesis of the new curriculum for activists, educators, social and systems entrepreneurs, planners, and "community organizers" at all levels. Evolution's Edge is vital reading for activists, educators, progressive thinkers, and anyone concerned about the state of our world. A visually pleasing book, its generous use of graphs and charts make clear concepts such as our evolutionary footprint, projected climate change impacts, world populations and economic growth - Kolin Lymworth, The Vancouver Observer Evolution's Edge is simply outstanding - easy to read, inspiring, thoughtful. Its ability to integrate environmental challenges with spritiual issues, technological possibilites and systems evolutionary theory is fantastic. - Sohail Inayatullah, eidtor, Journal of Future Studies It is now five minutes to midnight on the doomsday clock, reflecting the fact that we are closer to assuring the obliteration of our species than we have been at any time since the early eighties. We are rapidly approaching a tipping point, where we will either transform our violent, exploitative global system into a peaceful, cooperative one, or enter a catastrophic decline. Evolution’s Edge shows that limitless economic expansion is impossible on a finite planet. Our growth-based global system will collapse as critical resources become scarce and major ecosystems fail. However, new ideas, values, and technologies can help us avoid disaster and create a better world. Using evolutionary systems theory, Evolution’s Edge explains how societies evolve and why rapid, nonlinear change is not only possible but inevitable. It describes: Collapse—how cascading crises will soon provoke system failure Transformation—how emerging technologies, ideas, values, and social organizations are supporting the evolution of a sustainable system Analysis—how societies evolve into increasingly complex and conscious systems Action—how a common, cooperative vision can accelerate constructive global change Evolution’s Edge is a practical guide to a sustainable future and is vital reading for activists, educators, progressive thinkers, and anyone concerned about the state of our world. Graeme Taylor is a social activist committed to constructive global transformation and the coordinator of BEST Futures, a project supporting sustainable solutions through researching how societies change and evolve.


The A to Z of the Petroleum Industry

The A to Z of the Petroleum Industry

Author: Marius S. Vassiliou

Publisher: Scarecrow Press

Published: 2009-09-24

Total Pages: 716

ISBN-13: 0810870665

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The world as we have known it for the past century would have been very different without petroleum. Petroleum, particularly in the form of crude oil and its refined products, has been central to all aspects of modern industrial society and has been a major strategic geopolitical objective for nations. The 20th century was the age of oil, and at least part of the 21st century will be as well. Petroleum is used as an energy source and as a raw material for the production of an immense variety of chemicals and synthetic materials. Almost all the world's food relies on petroleum for fertilizer, pesticides, cultivation, or transport. Petroleum has been particularly dominant as a source of transportation fuels, an application for which cost-effective substitutes will be especially difficult to find. The A to Z of the Petroleum Industry presents a concise but complete one-volume reference on the history of the petroleum industry from pre-modern times to the present day. This is done through a chronology, an introductory essay, and over 400 cross-referenced dictionary entries on companies, people, places, events, technologies, and phenomena related to the history of the world's petroleum industry. Anyone interested in the history, status, and outlook for the petroleum industry will find this book a uniquely valuable source.


Historical Dictionary of the Petroleum Industry

Historical Dictionary of the Petroleum Industry

Author: Marius S. Vassiliou

Publisher: Rowman & Littlefield

Published: 2018-06-20

Total Pages: 671

ISBN-13: 1538111608

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The petroleum industry is unique: it is an industry without which modern civilization would collapse. Despite the advances in alternative energy, petroleum’s role is still central. Petroleum still drives economics, geopolitics, and sometimes war. The history of petroleum is, to some measure, the history of the modern world. This book represents a concise but complete one-volume reference on the history of the petroleum industry from pre-modern times to the present day, covering all aspects of business, technology, and geopolitics. The book also presents an analysis of the future of petroleum, and a highly useful set of statistical graphs. Anyone interested in the history, status, and outlook for petroleum will find this book a uniquely valuable first place to look. This new second edition incorporates all the revolutionary changes in the petroleum landscape since the first edition was published, including the boom in extraction of oil and gas from shale formations using techniques such as fracking and horizontal drilling. This second edition of Historical Dictionary of the Petroleum Industry contains a chronology, an introduction, appendixes, and an extensive bibliography. The dictionary section has over 500 cross-referenced entries on companies, people, events, technologies, countries, provinces, cities, and regions related to the history of the world’s petroleum industry. This book is an excellent resource for students, researchers, and anyone wanting to know more about the petroleum industry.


The Mountain Mystery

The Mountain Mystery

Author: Ron Miksha

Publisher: CreateSpace

Published: 2014-08-01

Total Pages: 330

ISBN-13: 9781497562387

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Fifty years ago, no one could explain mountains. Arguments about their origin were spirited, to say the least. Progressive scientists were ridiculed for their ideas. Most geologists thought the Earth was shrinking. Contracting like a hot ball of iron, shrinking and exposing ridges that became mountains. Others were quite sure the planet was expanding. Growth widened sea basins and raised mountains. There was yet another idea, the theory that the world's crust was broken into big plates that jostled around, drifting until they collided and jarred mountains into existence. That idea was invariably dismissed as pseudo-science. Or "utter damned rot" as one prominent scientist said. But the doubtful theory of plate tectonics prevailed. Mountains, earthquakes, ancient ice ages, even veins of gold and fields of oil are now seen as the offspring of moving tectonic plates. Just half a century ago, most geologists sternly rejected the idea of drifting continents. But a few intrepid champions of plate tectonics dared to differ. The Mountain Mystery tells their story.


Competition and Conflicts on Resource Use

Competition and Conflicts on Resource Use

Author: Susanne Hartard

Publisher: Springer

Published: 2014-11-29

Total Pages: 281

ISBN-13: 3319109545

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This book reflects on the causes of resource-based conflicts and competition, and presents solutions for safely and sustainably providing resources with a focus on material flow management. The contributions from different disciplines highlight issues such as safe access to resources, conflicts over water and energy supplies, waste of strategic mineral resources, sustainable resource consumption, and renewable energy technologies.


United Kingdom Oil and Gas Fields

United Kingdom Oil and Gas Fields

Author: G. Goffey

Publisher: Geological Society of London

Published: 2020-12-03

Total Pages: 1076

ISBN-13: 1786204754

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Geological Society Memoir 52 records the extraordinary 50+ year journey that has led to the development of some 458 oil and gas fields on the UKCS. It contains papers on almost 150 onshore and offshore fields in all of the UK’s main petroliferous basins. These papers range from look-backs on some of the first-developed gas fields in the Southern North Sea, to papers on fields that have only just been brought into production or may still remain undeveloped, and includes two candidate CO2 sequestration projects. These papers are intended to provide a consistent summary of the exploration, appraisal, development and production history of each field, leading to the current subsurface understanding which is described in greater detail. As such the Memoir will be an enduring reference source for those exploring for, developing, producing hydrocarbons and sequestering CO2 on the UKCS in the coming decades. It encapsulates the petroleum industry’s deep subsurface knowledge accrued over more than 50 years of exploration and production.


Quantitative Reasoning in the Context of Energy and Environment

Quantitative Reasoning in the Context of Energy and Environment

Author: Robert Mayes

Publisher: Springer

Published: 2015-01-19

Total Pages: 448

ISBN-13: 9462095272

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This book provides professional development leaders and teachers with a framework for integrating authentic real-world performance tasks into science, technology, engineering, and mathematics (STEM) classrooms. We incorporate elements of problem-based learning to engage students around grand challenges in energy and environment, place-based leaning to motivate students by relating the problem to their community, and Understanding by Design to ensure that understanding key concepts in STEM is the outcome. Our framework has as a basic tenet interdisciplinary STEM approaches to studying real-world problems. We invited professional learning communities of science and mathematics teachers to bring multiple lenses to the study of these problems, including the sciences of biology, chemistry, earth systems and physics, technology through data collection tools and computational science modeling approaches, engineering design around how to collect data, and mathematics through quantitative reasoning. Our goal was to have teachers create opportunities for their students to engage in real-world problems impacting their place; problems that could be related to STEM grand challenges demonstrating the importance and utility of STEM. We want to broaden the participation of students in STEM, which both increases the future STEM workforce, providing our next generation of scientists, technologists, engineers, and mathematicians, as well as producing a STEM literate citizenry that can make informed decisions about grand challenges that will be facing their generation. While we provide a specifi c example of an interdisciplinary STEM module, we hope to do more than provide a single fish. Rather we hope to teach you how to fish so you can create modules that will excite your students.


Twilight in the Desert

Twilight in the Desert

Author: Matthew R. Simmons

Publisher: Wiley + ORM

Published: 2011-01-04

Total Pages: 500

ISBN-13: 111804052X

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Twilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabias troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. Its a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert answers all readers questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.