IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v26y1998i1p55-69.html

The outlook for US oil dependence

Author

Listed:
  • Greene, David L
  • Jones, Donald W
  • Leiby, Paul N

Abstract

No abstract is available for this item.

Suggested Citation

  • Greene, David L & Jones, Donald W & Leiby, Paul N, 1998. "The outlook for US oil dependence," Energy Policy, Elsevier, vol. 26(1), pages 55-69, January.
    • Handle: RePEc:eee:enepol:v:26:y:1998:i:1:p:55-69
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(97)00102-X
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Hamilton, James D., 1996. "This is what happened to the oil price-macroeconomy relationship," Journal of Monetary Economics, Elsevier, vol. 38(2), pages 215-220, October.
    2. repec:aen:journl:1991v12-04-a07 is not listed on IDEAS
    3. Gately, D., 1992. "The Imperfect Price-Reversibility of World Demand," Working Papers 92-21, C.V. Starr Center for Applied Economics, New York University.
    4. repec:aen:journl:1986v07-01-a01 is not listed on IDEAS
    5. Stiglitz, Joseph E, 1976. "Monopoly and the Rate of Extraction of Exhaustible Resources," American Economic Review, American Economic Association, vol. 66(4), pages 655-661, September.
    6. Griffin, James M, 1985. "OPEC Behavior: A Test of Alternative Hypotheses," American Economic Review, American Economic Association, vol. 75(5), pages 954-963, December.
    7. Hooker, Mark A., 1996. "What happened to the oil price-macroeconomy relationship?," Journal of Monetary Economics, Elsevier, vol. 38(2), pages 195-213, October.
    8. Wirl, Franz, 1990. "Dynamic demand and optimal OPEC pricing : An empirical investigation," Energy Economics, Elsevier, vol. 12(3), pages 174-176, July.
    9. repec:aen:journl:1995v16-02-a01 is not listed on IDEAS
    10. Streifel, S.S., 1995. "Review and Outlook for the World Oil Market," World Bank - Discussion Papers 301, World Bank.
    11. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
    12. repec:aen:journl:1989v10-02-a03 is not listed on IDEAS
    13. repec:aen:journl:1994v15-03-a07 is not listed on IDEAS
    14. repec:aen:journl:1985v06-01-a09 is not listed on IDEAS
    15. M. A. Adelman, 1989. "Mideast Governments and the Oil Price Prospect," The Energy Journal, , vol. 10(2), pages 15-24, April.
    16. repec:aen:journl:1992v13-01-a01 is not listed on IDEAS
    17. Bohi, Douglas R. & Toman, Michael A., 1993. "Energy security: externalities and policies," Energy Policy, Elsevier, vol. 21(11), pages 1093-1109, November.
    18. Alsmiller, R.G. & Horwedel, J.E. & Marshalla, R.A. & Nesbitt, D.M. & Haas, S.M., 1985. "A model of the world oil market with an OPEC cartel," Energy, Elsevier, vol. 10(10), pages 1089-1102.
    19. repec:aen:journl:1994v15-04-a02 is not listed on IDEAS
    20. repec:aen:journl:1994si-a17 is not listed on IDEAS
    21. repec:aen:journl:1993v14-04-a09 is not listed on IDEAS
    22. repec:aen:journl:1990v11-04-a01 is not listed on IDEAS
    23. Hooker, Mark A., 1996. "This is what happened to the oil price-macroeconomy relationship: Reply," Journal of Monetary Economics, Elsevier, vol. 38(2), pages 221-222, October.
    24. Greene, David L., 1991. "A note on OPEC market power and oil prices," Energy Economics, Elsevier, vol. 13(2), pages 123-129, April.
    25. repec:aen:journl:1994v15-01-a01 is not listed on IDEAS
    26. repec:aen:journl:1988v09-02-a07 is not listed on IDEAS
    27. MacFadyen, Alan J., 1993. "OPEC and cheating : Revisiting the kinked demand curve," Energy Policy, Elsevier, vol. 21(8), pages 858-867, August.
    28. repec:aen:journl:1980v01-02-a02 is not listed on IDEAS
    29. Richard J. Gilbert, 1978. "Dominant Firm Pricing Policy in a Market for an Exhaustible Resource," Bell Journal of Economics, The RAND Corporation, vol. 9(2), pages 385-395, Autumn.
    30. repec:aen:journl:1984v05-02-a01 is not listed on IDEAS
    31. Adelman, M A, 1990. "Mineral Depletion, with Special Reference to Petroleum," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 1-10, February.
    32. Uri, Noel D., 1996. "Crude oil price volatility and unemployment in the United States," Energy, Elsevier, vol. 21(1), pages 29-38.
    33. repec:aen:journl:1995v16-03-a01 is not listed on IDEAS
    34. Hamilton, James D, 1983. "Oil and the Macroeconomy since World War II," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 228-248, April.
    35. repec:aen:journl:1990v11-03-a06 is not listed on IDEAS
    36. Adelman, M. A., 1986. "Oil producing countries' discount rates," Resources and Energy, Elsevier, vol. 8(4), pages 309-329, December.
    37. repec:aen:journl:1980v01-04-a01 is not listed on IDEAS
    38. Adelman, Morris Albert, 1986. "Scarcity and World Oil Prices," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 387-397, August.
    39. Suranovic, Steven M., 1993. "Does a target-capacity utilization rule fulfill OPEC's economic objectives?," Energy Economics, Elsevier, vol. 15(2), pages 71-79, April.
    40. repec:aen:journl:1995v16-04-a02 is not listed on IDEAS
    41. repec:aen:journl:1994si-a06 is not listed on IDEAS
    42. repec:aen:journl:1994v15-02-a01 is not listed on IDEAS
    43. repec:aen:journl:1991v12-04-a08 is not listed on IDEAS
    44. repec:aen:journl:1994si-a03 is not listed on IDEAS
    45. Moosa, Imad A., 1993. "Can OPEC cause inflation and recession?," Energy Policy, Elsevier, vol. 21(11), pages 1145-1154, November.
    46. repec:aen:journl:1992v13-02-a01 is not listed on IDEAS
    47. Adelman, M. A., 1991. "User cost in oil production," Resources and Energy, Elsevier, vol. 13(3), pages 217-240, September.
    48. repec:aen:journl:1980v01-03-a02 is not listed on IDEAS
    49. Adelman, M. A. & Shahi, Manoj, 1989. "Oil development-operating cost estimates, 1955-1985," Energy Economics, Elsevier, vol. 11(1), pages 2-10, January.
    50. repec:aen:journl:1986v07-04-a01 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jaffe, Amy Myers & Soligo, Ronald, 2002. "The role of inventories in oil market stability," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(2), pages 401-415.
    2. Masih, Rumi & Peters, Sanjay & De Mello, Lurion, 2011. "Oil price volatility and stock price fluctuations in an emerging market: Evidence from South Korea," Energy Economics, Elsevier, vol. 33(5), pages 975-986, September.
    3. Wang, Brian Yutao & Li, Shuo & Liu, Guangqiang & Yang, Zhiqing, 2021. "Running out of energy: The Price effect of energy deficiency," Energy Economics, Elsevier, vol. 100(C).
    4. Dixon, P.B. & Giesecke, J.A. & Rimmer, M.T. & Rose, A., 2009. "The Economic Consequences of U.S. Border Closure in Response to a Security Threat: A Dynamic CGE Assessment," Conference papers 331893, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Leonid Varshavsky, 2009. "Modeling Dynamics of Oil Prices under Different Regimes of Oil Market Development," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 13(1), pages 70-88.
    6. Wu, Gang & Fan, Ying & Liu, Lan-Cui & Wei, Yi-Ming, 2008. "An empirical analysis of the dynamic programming model of stockpile acquisition strategies for China's strategic petroleum reserve," Energy Policy, Elsevier, vol. 36(4), pages 1470-1478, April.
    7. Greene, David L., 2010. "Measuring energy security: Can the United States achieve oil independence?," Energy Policy, Elsevier, vol. 38(4), pages 1614-1621, April.
    8. Wei, Yi-Ming & Wu, Gang & Fan, Ying & Liu, Lan-Cui, 2008. "Empirical analysis of optimal strategic petroleum reserve in China," Energy Economics, Elsevier, vol. 30(2), pages 290-302, March.
    9. Lin, Boqiang & Wesseh, Presley K. & Appiah, Michael Owusu, 2014. "Oil price fluctuation, volatility spillover and the Ghanaian equity market: Implication for portfolio management and hedging effectiveness," Energy Economics, Elsevier, vol. 42(C), pages 172-182.
    10. Alhajji, A. F. & Huettner, David, 2000. "OPEC and other commodity cartels: a comparison," Energy Policy, Elsevier, vol. 28(15), pages 1151-1164, December.
    11. Sheng, Xin & Marfatia, Hardik A. & Gupta, Rangan & Ji, Qiang, 2023. "The non-linear response of US state-level tradable and non-tradable inflation to oil shocks: The role of oil-dependence," Research in International Business and Finance, Elsevier, vol. 64(C).
    12. Cavalcanti, Tiago & Jalles, João Tovar, 2013. "Macroeconomic effects of oil price shocks in Brazil and in the United States," Applied Energy, Elsevier, vol. 104(C), pages 475-486.
    13. Littlefield, Scott R., 2013. "Security, independence, and sustainability: Imprecise language and the manipulation of energy policy in the United States," Energy Policy, Elsevier, vol. 52(C), pages 779-788.
    14. Stirling, Andy, 2010. "Multicriteria diversity analysis: A novel heuristic framework for appraising energy portfolios," Energy Policy, Elsevier, vol. 38(4), pages 1622-1634, April.
    15. Greene, David L. & Liu, Changzheng, 2015. "U.S. oil dependence 2014: Is energy independence in sight?," Energy Policy, Elsevier, vol. 85(C), pages 126-137.
    16. Melanie Parravano & Luis Enrique Pedauga, 2008. "Oil market dynamics: A Markow chain analysis," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 33(25), pages 87-115, january-j.
    17. Higgins, Paul A. T. & Higgins, Millicent, 2005. "A healthy reduction in oil consumption and carbon emissions," Energy Policy, Elsevier, vol. 33(1), pages 1-4, January.
    18. Huntington, Hillard G., 2003. "Energy disruptions, interfirm price effects and the aggregate economy," Energy Economics, Elsevier, vol. 25(2), pages 119-136, March.
    19. Gbatu, Abimelech Paye & Wang, Zhen & Wesseh, Presley K. & Tutdel, Isaac Yak Repha, 2017. "The impacts of oil price shocks on small oil-importing economies: Time series evidence for Liberia," Energy, Elsevier, vol. 139(C), pages 975-990.
    20. Wu, Gang & Wei, Yi-Ming & Nielsen, Chris & Lu, Xi & McElroy, Michael B., 2012. "A dynamic programming model of China's strategic petroleum reserve: General strategy and the effect of emergencies," Energy Economics, Elsevier, vol. 34(4), pages 1234-1243.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kolstad, Charles D., 2000. "Energy and Depletable Resources: Economics and Policy, 1973-1998," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 282-305, May.
    2. Hyunjoo Kim Karlsson & Yushu Li & Ghazi Shukur, 2018. "The Causal Nexus between Oil Prices, Interest Rates, and Unemployment in Norway Using Wavelet Methods," Sustainability, MDPI, vol. 10(8), pages 1-15, August.
    3. Lang, Korbinian & Auer, Benjamin R., 2020. "The economic and financial properties of crude oil: A review," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    4. Abul Quasem Al-Amin & Siwar Chamhuri & Abdul Hamir Jaafar, 2008. "Impacts Of External Price Shocks On Malaysian Macro Economy-An Applied General Equilibrium Analysis," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 7, pages 1-24, October.
    5. James D. Hamilton, 2013. "Oil prices, exhaustible resources and economic growth," Chapters, in: Roger Fouquet (ed.), Handbook on Energy and Climate Change, chapter 1, pages 29-63, Edward Elgar Publishing.
    6. Reynolds, Douglas B. & Pippenger, Michael K., 2010. "OPEC and Venezuelan oil production: Evidence against a cartel hypothesis," Energy Policy, Elsevier, vol. 38(10), pages 6045-6055, October.
    7. Kandemir Kocaaslan, Ozge, 2019. "Oil price uncertainty and unemployment," Energy Economics, Elsevier, vol. 81(C), pages 577-583.
    8. Rebeca Jiménez-Rodríguez, 2004. "Oil Price Shocks: Testing for Non-linearity," CSEF Working Papers 115, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    9. Laure Crusson & Muriel Barlet, 2009. "Quel impact des variations du prix du pétrole sur la croissance française ?," Économie et Prévision, Programme National Persée, vol. 188(2), pages 23-41.
    10. Andreopoulos Spyros, 2009. "Oil Matters: Real Input Prices and U.S. Unemployment Revisited," The B.E. Journal of Macroeconomics, De Gruyter, vol. 9(1), pages 1-31, March.
    11. Tiwari, Aviral Kumar & Cunado, Juncal & Hatemi-J, Abdulnasser & Gupta, Rangan, 2019. "Oil price-inflation pass-through in the United States over 1871 to 2018: A wavelet coherency analysis," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 51-55.
    12. Engemann, Kristie M. & Kliesen, Kevin L. & Owyang, Michael T., 2011. "Do Oil Shocks Drive Business Cycles? Some U.S. And International Evidence," Macroeconomic Dynamics, Cambridge University Press, vol. 15(S3), pages 498-517, November.
    13. Huntington, Hillard, 2016. "The Historical “Roots” of U.S. Energy Price Shocks: Supplemental Results," MPRA Paper 74701, University Library of Munich, Germany.
    14. Jaime Casassus & Freddy Higuera, 2011. "Stock Return Predictability and Oil Prices," Documentos de Trabajo 406, Instituto de Economia. Pontificia Universidad Católica de Chile..
    15. Broadstock, David C. & Filis, George, 2014. "Oil price shocks and stock market returns: New evidence from the United States and China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 33(C), pages 417-433.
    16. Luís Aguiar-Conraria & Maria Soares, 2011. "Oil and the macroeconomy: using wavelets to analyze old issues," Empirical Economics, Springer, vol. 40(3), pages 645-655, May.
    17. Brown, Stephen P. A. & Yucel, Mine K., 2002. "Energy prices and aggregate economic activity: an interpretative survey," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(2), pages 193-208.
    18. Ravazzolo Francesco & Rothman Philip, 2016. "Oil-price density forecasts of US GDP," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 20(4), pages 441-453, September.
    19. Dagoumas, Athanasios & Perifanis, Theodosios & Polemis, Michael, 2017. "An econometric model to assess the Saudi Arabia crude oil strategy," MPRA Paper 86283, University Library of Munich, Germany.
    20. Ying Fan & Jian-Ling Jiao & Qiao-Mei Liang & Zhi-Yong Han & Yi-Ming Wei, 2007. "The impact of rising international crude oil price on China's economy: an empirical analysis with CGE model," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 27(4), pages 404-424.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:26:y:1998:i:1:p:55-69. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.