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Impact of US Energy Policy on Crude Oil Prices
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Seyyed Abdollah Razavi *   , Mahdi Sadeghi Shahdani |
| The Petroleum University of Technology |
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Abstract: (4019 Views) |
The price of Iranian crude oil in different markets depends on the price of US crude oil. In recent months, the oil and gas industry and the sale of Iranian crude oil and the co-operation and investments of oil companies operating in the field of oil field development have halted. Therefore, examining the effects of US government policies on the oil market is very effective. The most important US government policies are energy independence, oil production development, opposition to compulsory carbon control policies and tax incentives. In this paper, Tramp's policy channels on the crude oil market have been investigated and their effects on the price of crude oil are highlighted. The US government's emphasis on energy independence and the removal of barriers to its country's oil production has been accompanied by growth-enhancing employment, which has led to an increase in industrial index, which, according to the estimates of this paper, changes in the Dow Jones Index could have a measurable impact. In addition to anti-OPEC policies by US government has been seeking to increase its market share, and in this regard, the significance of oil producing variables relative to their consumption and oil exports has had a significant impact on explaining the changes in US crude oil prices.
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| Keywords: Dow Jones, Crude oil price, Energy independence, GARCH |
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Full-Text [PDF 1022 kb]
(975 Downloads)
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Type of Study: Research |
Subject:
Special
Received: 2019/02/5 | Accepted: 2019/03/3 | Published: 2019/12/28
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