The impact of oil company investment on the world coal industry : overcapacity and price destabilization 1973-92

The impact of oil company investment on the world coal industry : overcapacity and price destabilization 1973-92

The impact of oil company investments on the world coal industry since the first oil price shock of 1973 is investigated. The scope of these investments, both in the US and elsewhere, are detailed, and how they have served to destabilize and depress international coal prices is demonstrated. In part...

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Veröffentlicht in:Energy policy 1995-08, Vol.23 (8), p.659-667
Hauptverfasser: KOERNER, R, RUTLEDGE, I, WRIGHT, P
Format: Artikel
Sprache:eng
Schlagworte:
Applied sciences
Coal
Coal industry
Economic data
Economic models
Energy
Energy economics
Energy policy
Energy sector
Exact sciences and technology
Export-import trade
Exports
Fossil fuels and derived products
General, economic and professional studies
Investments
Manycountries
Oil companies
Overproduction
Petroleum industry
Power resources
Price instability
Prices
Profit
Studies
U.S.A
United States
US exports
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Zusammenfassung:The impact of oil company investments on the world coal industry since the first oil price shock of 1973 is investigated. The scope of these investments, both in the US and elsewhere, are detailed, and how they have served to destabilize and depress international coal prices is demonstrated. In particular, a novel and robust link between oil company investment in US coal which is sold on the domestic market and the behavior of US coal export prices is established.
ISSN:0301-4215
1873-6777
DOI:10.1016/0301-4215(95)00064-P