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Three Essays In The Dynamics Of Oil Prices, Ahmed Alaabodi
Three Essays In The Dynamics Of Oil Prices, Ahmed Alaabodi
Dissertations
The main objective of my three essays is to study the dynamics and interaction of the price of oil with the downstream sector (refined products), upstream sector (oil production), and across regional markets. I shed light on how the new technological innovation of horizontal drilling and hydraulic fracking that caused the shale oil revolution in the last decade impact the price of oil and impact the petroleum market in the United States.
In the first essay, the dynamic relationship between the monthly price of crude oil and its refined products is modeled. The long-run equilibrium carries valuable information for risk …