Short-Run Oil Price Drivers: South America's Energy Integration

Alejandro Mercado () and Francisco Javier Aliaga Lordemann

Revista Latinoamericana de Desarrollo Economico, 2009, issue 12, 219-239

Abstract: The aim of this paper seeks to analyse how the energy price's cojuntural behaviour and structural conditions affect the short-run and mid-run overview of the energy integration process in South America (SA). For these porpoise we - first describe the world-wide energy agenda and the effect of current oil price swings and the corresponding natural gas adjustment - next we discuss about the regional stakeholders perspective of energy integration. We used two methodological approaches - first we calculate the oil prices according to their structural conditions or fundamental - second we detect the right ARIMA model with outliers and calendar effects For the West Texas Intermediate (WTI) oil price and the Henry Hub (HH) natural gas price. With this information we develop an analysis proposal based on their underlying growth rate and inertia.

Keywords: West Texas Intermediate; Henry Hub; Energy Integration; Conjuncture Analysis; Signal Extractio; Underlying Evolution; Underlying Growth; ARIMA Models; and Outliers; market fundamentals (search for similar items in EconPapers)
JEL-codes: C22 C49 C53 L69 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Short-Run Oil Price Drivers: South America’s Energy Integration (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:revlde:1207

Access Statistics for this article

Revista Latinoamericana de Desarrollo Economico is currently edited by Carlos Gustavo Machicado

More articles in Revista Latinoamericana de Desarrollo Economico from Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo" Universidad Católica Boliviana "San Pablo", Av. 14 de septiembre 4836. Obrajes, La Paz, Bolivia. Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Gustavo Machicado ().