South Africa oil import portfolio risks: which way out?
SOURCE: HSRC Review
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2010
TITLE AUTHOR(S): N.Wabiri
KEYWORDS: ECONOMIC GROWTH, ENERGY SUPPLY, OIL MARKET
DEPARTMENT: Public Health, Societies and Belonging (HSC)
Intranet: HSRC Library: shelf number 6518
HANDLE: 20.500.11910/4097
URI: http://hdl.handle.net/20.500.11910/4097
OUTPUT TYPE: Journal Article
PUBLICATION YEAR: 2010
TITLE AUTHOR(S): N.Wabiri
KEYWORDS: ECONOMIC GROWTH, ENERGY SUPPLY, OIL MARKET
DEPARTMENT: Public Health, Societies and Belonging (HSC)
Intranet: HSRC Library: shelf number 6518
HANDLE: 20.500.11910/4097
URI: http://hdl.handle.net/20.500.11910/4097
If you would like to obtain a copy of this Research Output, please contact Hanlie Baudin at researchoutputs@hsrc.ac.za.
Abstract
A major consequence of South Africa's strong economic growth since the democratic dispensation of 1994 is the rapid increase in domestic demand for oil energy. Growth in total oil consumption has averaged almost 2% per annum due to expansions in the transportation and mining sectors. With small amounts of proven oil reserves, the rise in oil demand as an energy source has resulted in South Africa's growing dependence on external sources for its domestic crude oil needs amid substantial increases in world oil prices to unprecedented levels. Besides having huge impacts on economic growth and welfare, high oil prices are likely to lower consumption in favour of other sources of energy, such as coal, which are known to be more damaging for the environment.-
Related Research Outputs:
- Quantifying South Africa's crude oil import risk: a multi-criteria portfolio model
- Dutch disease effect of oil rents on agriculture value added in Middle East and North African (MENA) countries
- Poverty and inequality reduction strategies for South Africa
- Nature-based tourism on communal land: the Mavhulani experience
- Differential access to finance capital, communications technology and capital goods in Lesotho
- Gauteng: labour market situational analysis
- Corporatism and economic growth: a case study of the National Economic Development and Labour Council (NEDLAC) in South Africa
- Jobless or job creating growth?: some preliminary thoughts
- Leveraging services for growth, employment and equity
- Innovation in resource based technology clusters, Phase One: case study: Innovations in South Africa's off-grid concession programme
- STARSTRUCK: economic impact of DaimlerChrysler on the Eastern Cape
- Measuring innovation in OECD and non-OECD countries: selected seminar papers
- The contribution of manufacturing and services sectors to growth and employment in South Africa
- South Africa in Africa: scrambling for energy
- Economy: introduction
- The challenge of the 'second economy' in South Africa: the contribution of skills development
- Exchange rates and employment: the experience of fast-growing economies
- Business process outsourcing in identified financial services sub-sectors: the potential for offshore business flows into South Africa and consequent recommendations for targeted government support
- Resource-based technology innovation in South Africa: pre-paid metering technology: systemic innovation in the South African energy sector
- Resource-based technology innovation in South Africa: innovations in South Africa's off-grid concession programme