ECON 323 Study Guide - Midterm Guide: Next Generation Touring Car, Capital Intensity, Productive Efficiency
18 Apr 2013
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In a fully intergraded competitive market price of gas in different regions should only differ by transportation costs: aeco v henry hub prices (fig. Oil prices: oil price history, 1930s early 70s, low stable prices (-3, 1973, arab/israeli war triggered price shock (-12, 1979, 1986. Initial established reserves (ier: proven + probable, or half probable or other, remaining established reserves (rer) Econ323 natural gas markets: global reserves- tbl 6, by region, 39% from the middle eat, 38% from europe/euroasia, by country, russia 22, iran 16, qatar 12, turkmenistan 11, usa 4, (18. Canada 6: proximity of production climate, economic activities, per capita consumption, highest in canada us saudi turkmenistan ubzermenstan and netherlands, global gas trade. Typically prices for natural gas liquids stayed between globally. Since 08 huge discrepancies though, epically in high demand in japan. 1959/30: gas discovered in new brunswick and ontario. 1890: gas used for cooking heating and lighting in medicine hat.
