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Record Nr. |
UNINA9910790500703321 |
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Autore |
Yepez-Garcia Rigoberto Ariel |
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Titolo |
Mitigating vulnerability to high and volatile oil prices : : power sector experience in Latin America and the Caribbean / / Rigoberto Ariel Yepez-Garcia, Julie Dana |
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Pubbl/distr/stampa |
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Washington, D.C. : , : World Bank, , c2012 |
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ISBN |
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1-280-78305-2 |
9786613693440 |
0-8213-9578-5 |
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Descrizione fisica |
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Collana |
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Directions in development. Energy and mining |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Petroleum products - Prices - Latin America |
Petroleum products - Prices - Caribbean Area |
Energy consumption - Latin America |
Energy consumption - Caribbean Area |
Energy policy - Latin America |
Energy policy - Caribbean Area |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; Foreword; Acknowledgments; Abbreviations; Units of Measure; Executive Summary; Oil Price Evolution and Risk Exposure; Figures; ES.1 Oil Trade Balance as a Percentage of GDP; Who Bears the Risk Burden?; Reducing Short-Term Price Uncertainty; Reducing Oil Consumption over the Long Run; What Can Be Done; How Much Can It Help?; Tables; ES.1 Overlapping Time Frames for Implementing Alternatives to Manage Oil Price Volatility; Chapter 1 Introduction; Effects of High and Volatile Oil Prices; 1.1 Evolution of WTI Oil Prices and Volatility, 2000-12; Study Background and Objective |
Structure of This ReportNotes; References; Chapter 2 Economic Effects of High and Volatile Oil Prices; Effects of High Oil Prices; Effects of Oil Price Volatility; What Is the Risk Distribution?; 2.1 Pricing, Utility Ownership, and Stakeholder Relationships; 2.1 Distribution Scenarios of Higher Energy Costs; Boxes; 2.1 Reducing the Cost Burden of Subsidies; Summary Remarks; Notes; References; Chapter 3 Economic Indicators |
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of Vulnerability: Analysis of Latin America and the Caribbean; Oil Trade Dynamics; 3.1 Country and Subregional Comparisons of Oil Imports as Share of GDP |
3.2 Ratio of Net Oil Imports or Exports to GDP in LAC Countries3.3 Comparisons of Primary Energy Supply by Source, 2008; Oil Exporter versus Importer; 3.1 Regional Energy Cooperation for Socioeconomic Development; 3.1 Oil Imports in Central America, 2006-08; 3.2 Oil Expenditure as Share of GDP in Central America, 2006-08; Dynamics of Oil Price Hikes and Subsidies; 3.4 Growth Effect Comparisons from Higher Oil Prices in Latin America and the Caribbean; 3.3 Macroeconomic Effects of Higher Oil Prices in Selected Countries of Latin America and the Caribbean |
3.4 Change in Energy Subsidies in Central America, 2007-08Summary Remarks; Notes; References; Chapter 4 Managing Oil Price Dynamics in the Power Sector: Experience in Latin America and the Caribbean; Oil-Dependent Energy Mix and Cost of Power Generation; Distribution of Costs and Risks; 4.1 Electricity Generation Mix in Selected Countries and Regions, 2007; 4.1 Oil Price Exposure in Guatemala; 4.2 Impact of Oil Price Changes on Power Generation Costs, 2006; 4.1 Electricity Market Structure in Central America and the Caribbean |
4.2 Majority Ownership of Power Utilities in Countries of Central America and the CaribbeanEconomic Impacts on the Sector; 4.2 Subsidies and Fiscal Vulnerability in Honduras; 4.3 Pricing Policy Trade-Offs in Guyana; 4.4 Peru's Oil Stabilization Fund; Summing Up; Note; Reference; Chapter 5 Price Risk Management Instruments; Overview of Instruments; 5.1 Overview of Selected Hedging Instruments: Advantages and Disadvantages; Risk Assessment; 5.1 Prices of WTI Crude Oil, Heating Oil, and HFO, 2001-10; Hedging Possibilities for Power Market Agents |
5.1 Hedging Natural Gas for Mexican Generators and Final Consumers |
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Sommario/riassunto |
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This book addresses the need of oil-importing countries to mitigate vulnerability to oil price volatility. It offers financial instruments to manage price risk, complemented by structural measures designed to reduce oil consumption. |
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