Fluctuations in availability and recent increases in price of petroleum have had profound effects on the national economy. As synthetic fuels, in particular, hydrogen, become increasingly attractive, nuclear energy has a role in developing such fuels. It is postulated that the nuclear radiation of the fission process itself can be utilized directly in fluid fueled devices or radiation and heat ...

Analysts have likened the growing direct state role in Kazakhstan’s petroleum sector since 2002 to a form of ―resource nationalism‖ that is part of a global trend precipitated by high oil prices. This interpretation has obvious appeal, both in light of earlier periods in which waves of nationalization coincided with oil price booms and the recent socalled ―re-nationalizations‖ in Bolivia, Venez...

Output responses to oil-price shocks not only tend to be weaker, but also to peak earlier recently. This paper builds a model that incorporates a realistic structure of US petroleum consumption and explores three possible explanations for the changes. The first is based on deregulation in the transportation sector, which has brought more competition and improved efficiency in the industry. The ...

An important decision in the development of a mixed oil and natural gas field is whether to produce or re-inject the natural gas. There is a trade-off between the income from the sale of natural gas and the higher oil production obtained from re-injection. We consider the optimal timing problem of when to stop natural gas injection for a set of offshore petroleum fields using a real options app...

In 2005, few would have predicted the current revolution in global agriculture that is being driven by a sudden rise in the price of petroleum and a rapid expansion of global biofuel production from grain, sugar, and oilseed crops. The result has been a convergence of valuation between petroleum and agricultural commodities such that food prices are likely to rise substantially. While countries...

The continuous decline of petroleum and natural gas reserves and non linear rise of oil price has brought about a realisation of the need for a change in our perpetual dependence on the fossil fuel. A day to day increased consumption of crude and petroleum products has made a considerable impact on our foreign exchange reserves. Hence, an alternate resource for the conversion of energy (both li...

The continuous decline of petroleum and natural gas reserves and non linear rise of oil price has brought about a realisation of the need for a change in our perpetual dependence on the fossil fuel. A day to day increased consumption of crude and petroleum products has made a considerable impact on our foreign exchange reserves. Hence, an alternate resource for the conversion of energy (both li...

This paper aims to analyze the effect of human capital on economic growth. Linear regression models with ordinary least squares method have been used for the analysis in which the dependent variable of Gross Domestic Product (GDP) per capita growth is decided according to real price and independent variables for human capital are enrollment rate in different education levels and also literacy r...