The United States Petroleum Industry Investment And Capital Markets Outlook: A Chase Perspective

In the context of globalization, due to the accelerated process of economic integration of countries and financial markets, the interdependence of the world's leading financial markets is more than obvious. This paper investigates the interdependence of stock exchange indices from leading capital markets in the world: USA, European Union and Asia. Our intention is to determine the direction of causality between the observed capital markets, as well as whether and in what way shocks in one market are transmitted to other markets. Research methodology includes stationarity testing, the existence of cointegration, the application of the Vector Autoregressive Model (VAR) which is complemented by the Granger causality test and the Impulse Response Function (IRF) analysis. The results of the research are as follows. Johansen's cointegration test showed that there is no long-term equilibrium relationship between the observed markets, while Granger's test showed that there is mutual causality between the capital markets of Germany and the United States. As for the Japanese index, previous events in Germany and the United States are statistically significant, but previous events on the Tokyo Stock Exchange cannot explain movements in Germany and the United States. According to the results of the IRF analysis, shocks that may occur in the US market have an almost identical impact on all observed markets. On the other hand, disturbances on the Japanese market are not transmitted to the German and American market, i.e. remain in Japan.

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Centennial Bibliography: Annotated Selections on the History of the Petroleum Industry in the United States

The Business History Review ◽

10.1017/s0007680500045396 ◽

1959 ◽

Vol 33 (3) ◽

pp. 429-447

Author(s):

Walter Rundell

Keyword(s):

United States ◽

Petroleum Industry ◽

The United States ◽

The Public ◽

History Of ◽

Historical Treatment

This bibliography represents an effort to survey and evaluate selected literature dealing with the history of the petroleum industry in the United States. The goal has not been to include everything ever written, but rather, to produce a compact reference work that I hope will be useful to the industry, to students, and to the public.My research has revealed that only one of the four major phases of this industry has been given anything approaching a full historical treatment. This phase is production.

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What makes the securities criminal law system of the United States work: 'All-embracing' 'blanket' securities crimes and the linked enforcement framework

Pravni zapisi ◽

10.5937/pravzap0-30658 ◽

2021 ◽

Vol 12 (1) ◽

pp. 146-183

Author(s):

Tibor Tajti

Keyword(s):

United States ◽

Criminal Law ◽

Capital Markets ◽

Regulatory System ◽

Building Blocks ◽

The United States ◽

The European Union ◽

Law System ◽

The Rich ◽

Evidentiary Standards

The article explores the key factors that make the securities criminal law of the United States (US), as one of the integral building blocks of the capital markets and securities regulatory system, efficient. This includes the role and characteristics of sectoral (blanket) all-embracing securities crimes enshrined into the federal securities statutes, their nexus with general crimes, the close cooperation of the Securities Exchange Commission (SEC) and prosecutorial offices, the applicable evidentiary standards, and the fundamental policies undergirding these laws. The rich repository of US experiences should be instructive not only to the Member States of the European Union (EU) striving to forge deeper capital markets but also to those endeavoring to accede the EU (e.g., Serbia), or to create deep capital markets for which efficient prosecution of securities crimes is inevitable.

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The Geology of Kansas—Arbuckle Group

Current Research in Earth Sciences ◽

10.17161/cres.v0i250.11789 ◽

2004 ◽

pp. 1-43

Author(s):

Evan K. Franseen ◽

Alan P. Byrnes ◽

Jason R. Cansler ◽

D. Mark Steinhauff ◽

Timothy R. Carr

Keyword(s):

United States ◽

Conceptual Model ◽

Early Development ◽

Petroleum Industry ◽

The United States ◽

Geophysical Data ◽

Current Understanding ◽

Detailed Understanding ◽

Drill Stem ◽

Arbuckle Group

Cambrian-Ordovician Arbuckle Group rocks in Kansas occur entirely in the subsurface. As is demonstrated throughout this paper, the historical and current understanding of the Arbuckle Group rocks in Kansas has in large part been dependent on petroleum-industry philosophies, practices, and trends. The widely accepted conceptual model of Arbuckle reservoirs as an unconformity play guided drilling and completion practices in which wells were drilled into the top of the Arbuckle with relatively short penetration (under 10 to 50 ft) deeper into the Arbuckle. This resulted in very little log or core data available from the Arbuckle interval. In addition, due to the early development (1917-1940) of the majority of Arbuckle reservoirs, log and geophysical data are not up to modern standards. Over the last few decades, deep penetrating wells have been drilled into the Arbuckle accompanied by full modern log suites and drill-stem tests. However, little corresponding core has been taken to calibrate the logs, and no detailed studies have been conducted to date on the more extensive, modern log data. Thus, data and detailed understanding of Arbuckle Group strata in Kansas are lacking relative to Arbuckle and age-equivalent strata from other areas in the United States, especially those where Arbuckle strata crop out. However, Arbuckle Group strata remain an important reservoir target in Kansas, and our understanding of the unit will increase with continued studies that incorporate modern data, techniques, and approaches.

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