Energy

THE GENERAL EQUILIBRIUM COSTS AND IMPACTS OF OIL PRICE SHOCKS IN NEWFOUNDLAND AND LABRADOR
Robert Millard, Patrick Withey, Van Lantz, and Thomas Ochuodo, June 2016
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We analyze the economic costs and impacts of a negative oil price shock in the magnitude of the 2014-2015 shock on the provincial economy of Newfoundland and Labrador, which is a region that is reliant on the oil and gas sector. We use a Dynamic Computable General Equilibrium (CGE) model to estimate a drop in oil prices ...

 

 

IMPACT OF THE ENERGY EAST PIPELINE ON THE OIL AND GAS INDUSTRY IN NEWFOUNDLAND AND LABRADOR - DEMONSTRATION OF A NEW SOFT - LINKING MODEL FRAMEWORK
Kathleen Vaillancourt, Yuri Alcocer, and Oliver Bahn, November 2015
| Get paper (PDF) | Get presentation, Feb 2015 (PDF)

It is expected that, by 2030, Canada will produce a total of 6.4 million bbl/d, with over 90% of this increase coming from bitumen (CAPP, 2014b). However, to achieve the forecasted production levels, producers of Western Canadian oil must find a market that will yield a reasonable price for their product. Eastern Canada and USA regions are one of these potential markets. The objective of this study is ...

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