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Energy Consumption under Uncertainty: Methodical Approach
The paper offers an approach to assessing a demand for fuel to make a long-term forecast of the opportunities of regional energy markets under uncertainty. A peculiarity of the approach is application of the optimization model and Monte-Carlo method. To show what would bring this approach, we present our results obtained by the application of the technique proposed to assessing the price elasticity of demand for gas observed at the new and large heating plants of several Russian regions.
Galperova Ie. V. galper@isem.sei.irk.ru
Keywords: socio-economic development energy consumption long-term forecast banks regional energy markets demand
Financial crisis: causes and consequences
In the author's opinion, the origin of the economic recession taking place in most countries resides in the house price crashes happened in the USA's and UK's housing markets. The financial crisis has been caused by many factors, which are analysed here. Some ways of how to manage the crisis are presented too.
Keywords: economic recession financial crisis financial crisis economy housing market employment banks credit
World financial crisis and Russian oil-and-gas complex
In the period of crisis, there was observed a short slowdown in implementation of the production and infrastructure projects by Russian oil-and-gas production complex. We show that there was no notable drop in investments made into the oil-and-gas production and transport while a critical reduction in financing the geologic explorations happened. The world oil and gas prices decreased in relation to their peak values, but remain at the level exceeding the values of the last decades, and show tendency to grow.
Korzhubaev A. G. korzhubaev@yandex.ru
Keywords: crisis oil crisis banks prices oil dynamics production gas
