Remember when gas prices used to be 10 to 20 cents cheaper in Pennsylvania, and then taxes revered that to become about 20 cents more expensive than prices in New York State?
Remember when gas prices used to be 10 to 20 cents cheaper in Pennsylvania, and then taxes revered that to become about 20 cents more expensive than prices in New York State?
Range Resources is one of the largest natural gas producers in the United States and one of the few pure-play producers. Read more about RRC stock here.
This paper aims to examine the asymmetric impact of oil price shocks on environmental degradation for a panel of six Gulf Cooperation Council (GCC) countries from 1996 to 2016. We use dynamic seemingly unrelated regressions (DSUR) approach that considers cross-sectional dependency to reveal the interrelations between oil price shocks and carbon dioxide (CO2) emissions. The finding shows that the positive shocks of oil prices have a statistically significant negative effect on CO2 emissions, while negative shocks of oil prices did not affect CO2 emissions. More specifically, the positive oil price shocks have negatively influenced the CO2 emissions in Oman, Bahrain, Saudi Arabia, Qatar, and United Emirates Arab. In turn, the most negative effect is found in Qatar and Saudi Arabia. Meanwhile, the negative shocks of oil prices have statistically significant effects on the CO2 emission of Oman and Saudi Arabia. While for other countries, it does not have a significant impact. Also, the res