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Unless they do so, warns Hugo Chavez, Venezuela's president and an OPEC kingpin, the resultant price war could send oil prices collapsing to around $5 a barrel.
This year we began our research against an ominous backdrop – two weeks of often oversimplistic sloganeering about an electricity "crisis" in South Australia – in which the resultant price spike was being blamed on the state's surging renewable energy and the closure of its coal-fired power stations.
The situation got much worse under Carter, in large part because of the oil embargo imposed by the Organization of the Petroleum Exporting Countries and resultant price shocks.
In other words, similar to an imposition of a tax, elimination of consumer subsidies for gas and electricity is recorded as a change of value added, Δ v ′, for sectors in oil and gas extraction and electricity production, respectively, to estimate resultant price changes, Δ p ′, and distributional effects (see Eq. (7)).
After producers and local governments decried the resultant price volatility and asked for increased regulation, strong lobbying on the part of Enron and others prevented such regulation.
Honesty on the part of the 'peg' maintainers would come by way of interacting with various exchanges (that are operating) since maintaining this peg would require lots of buying and selling on the various exchanges to maintain an inventory (of bitcoin) that is necessary to maintain a peg and any resultant price gaps or arbitrage would be quickly closed by savvy traders.
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A remarkable new book, Convention Center Follies: Politics, Power, and Public Investment in American Cities, published by the University of Pennsylvania Press, tells the amazing story of how one American city after another builds into a massive glut of convention-center space, even though the industry itself warns its centers that the resultant price-slashing will worsen current woes.
The gas conflict between Russia and Ukraine in 2006 and resultant abrupt price increase of imported gas stimulated research on the effects of energy price shocks on Ukraine's economy.
The buybacks these companies undertook and the resultant share price hikes were legitimate.
Moreover, depending on the resultant market price of different fuels an additional measure might be required to prevent substitution for coal, e.g., carbon tax charged depending on the carbon-intensity of the output.
For most, the resultant damage becomes catastrophic.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com