The Distributional Implications of the Impact of Fuel Price Increases on Inflation


Book Description

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.




Sustainable Automotive Technologies 2012


Book Description

The book on Sustainable Automotive Technologies aims to draw special attention to the research and practice focused on new technologies and approaches capable of meeting the challenges to sustainable mobility. In particular, the book features incremental and radical technical advancements that are able to meet social, economic and environmental targets in both local and global contexts. These include original solutions to the problems of pollution and congestion, vehicle and public safety, sustainable vehicle design and manufacture, new structures and materials, new power-train technologies and vehicle concepts. In addition to vehicle technologies, the book is also concerned with the broader systemic issues such as sustainable supply chain systems, integrated logistics and telematics, and end-of-life vehicle management. It captures selected peer reviewed papers accepted for presentation at the 4th International Conference on Sustainable Automotive Technologies, ICSAT2012, held at the RMIT, Melbourne, Australia.




China’s Gas Development Strategies


Book Description

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.







Energy Systems


Book Description

Energy supply is foundational to modern society, but damaging to the environment. This book takes a 'systems view', from extraction of primary fuel, through conversion to usable energy, and transportation to point of use. It explores initiatives to generate electricity in an environmentally benign manner, and decarbonise the supply of energy.







PVT Property Correlations


Book Description

PVT properties are necessary for reservoir/well performance forecast and optimization. In absence of PVT laboratory measurements, finding the right correlation to estimate accurate PVT properties could be challenging. PVT Property Correlations: Selection and Estimation discusses techniques to properly calculate PVT properties from limited information. This book covers how to prepare PVT properties for dry gases, wet gases, gas condensates, volatile oils, black oils, and low gas-oil ration oils. It also explains the use of artificial neural network models in generating PVT properties. It presents numerous examples to explain step-by-step procedures in using techniques designed to deliver the most accurate PVT properties from correlations. Complimentary to this book is PVT correlation calculator software. Many of the techniques discussed in this book are available with the software. This book shows the importance of PVT data, provides practical tools to calculate PVT properties, and helps engineers select PVT correlations so they can model, optimize, and forecast their assets. - Understand how to prepare PVT data in absence of laboratory reports for all fluid types - Become equipped with a comprehensive list of PVT correlations and their applicability ranges - Learn about ANN models and their applications in providing PVT data - Become proficient in selecting best correlations and improving correlations results




Green Petroleum


Book Description

Can "green petroleum" reverse global warming and bring down high gasoline prices? Written in non-technical language for the layperson, this book investigates and details how the oil and gas industry can "go green" with new processes and technologies, thus bringing the world's most important industry closer to environmental and economic sustainability. This book unravels the mysteries of the current energy crisis and argues that solutions to global warming will come only from the development of new technologies. Discussed here are the reasons why petroleum operations, as they are now, are not sustainable; how each practice treads an inherently implosive path; and how each spells irreversible damage to the planet's ecosystem. Fossil fuel consumption is not the culprit; rather, the practices involved, from exploration to refining and processing, are responsible for the current damage to the environment.