05576oam 22007935 450 991079050070332120200520144314.01-280-78305-297866136934400-8213-9578-510.1596/978-0-8213-9577-6(CKB)2670000000208431(EBL)950620(OCoLC)797915456(SSID)ssj0000678388(PQKBManifestationID)11449816(PQKBTitleCode)TC0000678388(PQKBWorkID)10727591(PQKB)11263826(MiAaPQ)EBC950620(Au-PeEL)EBL950620(CaPaEBR)ebr10576338(CaONFJC)MIL369344(OCoLC)802054263(The World Bank)17337709(US-djbf)17337709(EXLCZ)99267000000020843120120608d2012 uy 0engurcn|||||||||txtrdacontentcrdamediacrrdacarrierMitigating vulnerability to high and volatile oil prices : power sector experience in Latin America and the Caribbean /Rigoberto Ariel Yepez-Garcia, Julie DanaWashington, D.C. :World Bank,c2012.pages cmDirections in development. Energy and miningDescription based upon print version of record.0-8213-9577-7 Includes bibliographical references.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 ObjectiveStructure 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 of Vulnerability: Analysis of Latin America and the Caribbean; Oil Trade Dynamics; 3.1 Country and Subregional Comparisons of Oil Imports as Share of GDP3.2 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 Caribbean3.4 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 Caribbean4.2 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 Agents5.1 Hedging Natural Gas for Mexican Generators and Final ConsumersThis 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.World Bank e-Library.Petroleum productsPricesLatin AmericaPetroleum productsPricesCaribbean AreaEnergy consumptionLatin AmericaEnergy consumptionCaribbean AreaEnergy policyLatin AmericaEnergy policyCaribbean AreaPetroleum productsPricesPetroleum productsPricesEnergy consumptionEnergy consumptionEnergy policyEnergy policy338.2/3282098Yepez-Garcia Rigoberto Ariel1165298Dana Julie1969-1236738DLCDLCBOOK9910790500703321Mitigating vulnerability to high and volatile oil prices3677591UNINA