Special Issue "Energy Policy"

Guest Editor
Prof. Dr. Ibrahim Dincer
Faculty of Engineering and Applied Science, University of Ontario, Institute of Technology (UOIT), 2000 Simcoe Street North, Oshawa, Ontario L1H 7K4, Canada
Website: http://www.engineering.uoit.ca/people/dincer.php
E-mail:

Guest Editor
Dr. Adnan Midilli
Assoc. Prof. in Energy Division, Head of Energy Division, Mechanical Engineering Department, Nigde University, 51200 Nigde, Turkey
Website: http://host.nigde.edu.tr/midilli/
E-mail:

The special issue on Energy Policy covers policy and strategy related original and review papers on a broad range of topics of energy production, conversion, transportation and utilization, alternative energies, energy issues and environmental impact, sustainable development, renewables and implementation, global warming, economic dimensions, demand side management issues, efficiency aspects, conservation, energy sectors and their role in society.

Submission

All papers should be submitted to energies@mdpi.org with copy to the guest editor. To be published continuously until the deadline and papers will be listed together at the special websites.

Submitted papers should not have been previously published nor be currently under consideration for publication elsewhere. All papers are refereed through a peer review process. A guide for authors, sample copies and other relevant information for submitting papers are available on the Instructions for Authors page. Energies is an international peer-reviewed quarterly journal published by Molecular Diversity Preservation International.

Please visit the Instructions for Authors page before submitting a paper. Open Access publication fees are 300 CHF per paper. English correction fees (250 CHF) will be added in certain cases (550 CHF per paper for those papers that require extensive additional formatting and/or English corrections.).

Article Processing Charges (APC)

Article Processing Charges (APC) will be waived for well prepared manuscripts of invited papers. For the first two volumes of this new journal the APC are of 300 CHF (or 550 CHF per paper for those papers that require extensive additional formatting and/or English corrections).

energy, efficiency, exergy, management, economics, policies, strategies, environment, global warming, sustainability

Title: An Investigation into the Influence of Retail Gas Prices on Oil Company Profits
Author: George S. Ford
Affiliation: Chief Economist, Phoenix Center for Advanced Legal & Economic Public Policy Studies, 5335 Wisconsin Avenue NW, Suite 440, Washington, DC, 20015, USA; E-mail: george.ford@phoenix-center.org
Abstract: We present several empirical tests examining the relationship of oil company profit margins to retail gas prices. The analysis indicates that the profitability of the major, integrated oil companies is actually lower on average during periods of extremely high gas and oil prices (and, in fact, are even lower than in times of extremely low gas and oil prices). Large oil companies are most profitable during periods of moderate gasoline prices. Yet, small vertically integrated oil companies and firms primarily in the business of refining purchased crude oil exhibit a consistently inverse relationship between profit margins and retail gas prices—as gas prices increase, these firms become less profitable. We find no evidence that the profitability of oil companies (measured as gross profits) increases during episodes of very high retail gasoline prices.