Oil Price Risks

Oil Price Risks

Oil prices more than tripled between January 2004 and March 2008. The effects can be hard on countries with large net oil imports relative to income. This note sets out a measure of vulnerability to oil price shocks and breaks it down into its comp...

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Bibliographic Details
Main Authors: Bacon, Robert, Kojima, Masami
Format: Viewpoint
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
APPROACH
AVERAGE OIL PRICE
BALANCE
BALANCE OF PAYMENTS
BARREL
CONSUMPTION OF OIL
CRUDE OIL
CRUDE OIL PRICE
CRUDE PRICE
DEMAND FOR ENERGY
DOMESTIC ENERGY
DOMESTIC OIL
DOMESTIC OIL CONSUMPTION
DOMESTIC OIL PRODUCTION
ENERGY CONSUMPTION
ENERGY EFFICIENCY
ENERGY INFORMATION ADMINISTRATION
ENERGY INTENSITY
ENERGY POLICIES
ENERGY POLICY
ENERGY USE
FOREIGN EXCHANGE
FUEL
FUEL OIL
FUELS
GAS
HIGH OIL PRICES
INCOME
INCREASING ENERGY EFFICIENCY
INTERNATIONAL ENERGY AGENCY
NET OIL
OIL
OIL IMPORT
OIL IMPORT BILL
OIL IMPORTERS
OIL IMPORTS
OIL PRICE
OIL PRICES
OIL PRODUCERS
OIL PRODUCTS
OIL RESERVES
OIL-IMPORTING COUNTRIES
POWER
POWER SECTOR
PRIMARY ENERGY
PRIMARY ENERGY CONSUMPTION
PRIVATE SECTOR
REFINED PRODUCTS
THE GAMBIA
TOTAL PRIMARY ENERGY CONSUMPTION
Online Access:http://documents.worldbank.org/curated/en/2008/06/9648915/oil-price-risks
http://hdl.handle.net/10986/11151
Description
Summary:Oil prices more than tripled between January 2004 and March 2008. The effects can be hard on countries with large net oil imports relative to income. This note sets out a measure of vulnerability to oil price shocks and breaks it down into its components. That allows cross-country benchmarking and helps to show how changes in such factors as energy efficiency and the real exchange rate can make countries more vulnerable or less so.

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