Exchange rates, refinery flexibility, and international petroleum flows.

Persistent Link:
http://hdl.handle.net/10150/184945
Title:
Exchange rates, refinery flexibility, and international petroleum flows.
Author:
Mangano, Clifford Anthony.
Issue Date:
1989
Publisher:
The University of Arizona.
Rights:
Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.
Abstract:
The study analyses the relative separation of the effects of changes in a nation's dollar exchange rate and crude oil's dollar price on a country's short-run crude oil derived demand. It examines the role of the dollar exchange rate on domestic and international petroleum flows and discusses the short-run inefficiencies that occur due to adjustment times in a country's domestic petroleum market. A four-equation, structural model of a country's short-run petroleum demand function for its two petroleum flows (crude oil and imported product) was used. Using the translog function, estimates of direct and indirect dollar exchange rate effects were estimated. To account for the role of a nation's refinery industry on international petroleum flows, a measure of the industry's flexibility was developed. The industry is said to be flexible when it can alter its inputs' naturally occurring product fractions to more closely meet the country's final demand. The index developed in this study measures the industry's increase in its output product slate's weighted average API, relative to the weighted average API of its crude oil and feedstocks inputs, adjusted for the crude oil's naturally occurring product fractions.
Type:
text; Dissertation-Reproduction (electronic)
Keywords:
Petroleum industry and trade -- Economic aspects; Petroleum refineries -- Economic aspects
Degree Name:
Ph.D.
Degree Level:
doctoral
Degree Program:
Mining and Geological Engineering; Graduate College
Degree Grantor:
University of Arizona
Advisor:
Rieber, Micheal

Full metadata record

DC FieldValue Language
dc.language.isoenen_US
dc.titleExchange rates, refinery flexibility, and international petroleum flows.en_US
dc.creatorMangano, Clifford Anthony.en_US
dc.contributor.authorMangano, Clifford Anthony.en_US
dc.date.issued1989en_US
dc.publisherThe University of Arizona.en_US
dc.rightsCopyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.en_US
dc.description.abstractThe study analyses the relative separation of the effects of changes in a nation's dollar exchange rate and crude oil's dollar price on a country's short-run crude oil derived demand. It examines the role of the dollar exchange rate on domestic and international petroleum flows and discusses the short-run inefficiencies that occur due to adjustment times in a country's domestic petroleum market. A four-equation, structural model of a country's short-run petroleum demand function for its two petroleum flows (crude oil and imported product) was used. Using the translog function, estimates of direct and indirect dollar exchange rate effects were estimated. To account for the role of a nation's refinery industry on international petroleum flows, a measure of the industry's flexibility was developed. The industry is said to be flexible when it can alter its inputs' naturally occurring product fractions to more closely meet the country's final demand. The index developed in this study measures the industry's increase in its output product slate's weighted average API, relative to the weighted average API of its crude oil and feedstocks inputs, adjusted for the crude oil's naturally occurring product fractions.en_US
dc.typetexten_US
dc.typeDissertation-Reproduction (electronic)en_US
dc.subjectPetroleum industry and trade -- Economic aspectsen_US
dc.subjectPetroleum refineries -- Economic aspectsen_US
thesis.degree.namePh.D.en_US
thesis.degree.leveldoctoralen_US
thesis.degree.disciplineMining and Geological Engineeringen_US
thesis.degree.disciplineGraduate Collegeen_US
thesis.degree.grantorUniversity of Arizonaen_US
dc.contributor.advisorRieber, Michealen_US
dc.contributor.committeememberHarris, DeVerleen_US
dc.contributor.committeememberFrank, Helmuten_US
dc.contributor.committeememberLibecap, Garyen_US
dc.identifier.proquest9014674en_US
dc.identifier.oclc703875184en_US
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