Dissecting Two Approaches to Energy Prices (Report) - Journal of Mathematics and Statistics

Dissecting Two Approaches to Energy Prices (Report)

By Journal of Mathematics and Statistics

  • Release Date: 2011-04-01
  • Genre: Mathematics
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INTRODUCTION Petroleum constitutes more than 40 percent of the world's energy consumption, making it the single largest source of energy used on the planet (International Energy Agency Key World Energy Statistics, 2006). As a consequence, fluctuations in the price of crude oil can have significant ramifications for the world's economic activity.

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