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What role derivatives?

Abstract:

Over the last thirty years, the leading economies have enjoyed tremendous efficiency gains from increased factor productivity within the energy sector. The amount of oil involved in producing one dollar’s worth of GDP has fallen by nearly 50% in Europe and the USA, and by even more in Japan. But the importance of these gains has been completely overshadowed by massive overall growth in aggregate demand for oil: at around 82 mb/d, global consumption today is eight times larger than it was in t...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher:
Oxford Institute for Energy Studies
Journal:
Oxford Energy Forum More from this journal
Volume:
February 2005
Issue:
60
Pages:
12-13
Publication date:
2005-02-01
ISSN:
0959-7727
Language:
English
Keywords:
UUID:
uuid:aa7eb5f5-c475-4b71-9350-959a40ab17f2
Local pid:
ora:10861
Deposit date:
2015-04-09

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