00000nam 2200000zi 4500 9.914850 CaOODSP 20230928110412 m o d f cr |n||||||||| 220825t20222022oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2022-36E-PDF Brannlund, Johan, author. Weather the storms? : Hurricanes, technology and oil production / by Johan Brannlund, Geoffrey Dunbar, Reinhard Ellwanger and Matthew Krutkiewicz. [Ottawa] : Bank of Canada = Banque du Canada, 2022. ©2022 1 online resource (ii, 31 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-36 "Last updated: August 9, 2022." Includes bibliographical references (pages 26-28). "Do technological improvements mitigate the potential damages from extreme weather events? We address this question using oil production and hurricane data from the Gulf of Mexico. We show that hurricane activity lowers well production and that stronger storms have larger impacts that persist for months after impact. Hurricanes also significantly increase the probability that oil assets are stranded, particularly when the hurricanes pass within 50km of an oil rig’s location"--Abstract. Business cycles Mathematical models. Climatic changes Economic aspects. Climat Changements Aspect économique. Cycles économiques Modèles mathématiques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2022-36. (CaOODSP)9.806221 PDF 616 KB https://publications.gc.ca/collections/collection_2022/banque-bank-canada/FB3-5-2022-36-eng.pdf