Weather the storms? : Hurricanes, technology and oil production / by Johan Brannlund, Geoffrey Dunbar, Reinhard Ellwanger and Matthew Krutkiewicz.: FB3-5/2022-36E-PDF
"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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.914850&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Weather the storms? : Hurricanes, technology and oil production / by Johan Brannlund, Geoffrey Dunbar, Reinhard Ellwanger and Matthew Krutkiewicz. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-36 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: August 9, 2022." Includes bibliographical references (pages 26-28). |
| Publishing information | [Ottawa] : Bank of Canada = Banque du Canada, 2022. ©2022 |
| Author / Contributor | Brannlund, Johan, author. |
| Description | 1 online resource (ii, 31 pages) : charts. |
| Catalogue number |
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| Subject terms | Business cycles -- Mathematical models. Climatic changes -- Economic aspects. Cycles économiques -- Modèles mathématiques. Climat -- Changements -- Aspect économique. |