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Taming Russian oligarchs:the case of Mikhail Khodorkovsky and Yukos
Matoušek, David ; Šír, Jan (advisor) ; Svoboda, Karel (referee)
The Russian oil industry has long been one of the most important and valuable oil markets in the world. During the Soviet era, the oil industry was subject to strict state control, but the privatization of industry in the 1990s after the collapse of the Soviet Union led the industrial companies to be handed over to several businessmen who later became Russian oligarchs. In my work I examine the rise and fall of the most prominent member of the early group of oligarchs - Mikhail Khodorkovsky.
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Lifting the crude oil export ban and its impact on US energy sector
Vopěnková, Andrea ; Stuchlíková, Zuzana (advisor) ; Neumann, Pavel (referee)
US Congress lifted oil ban in December 2015 after 40 years of its existence. The ban was originally in place to preserve national crude oil production for domestic use in case of any import disruptions. The ban was lifted even though US is currently not net energy exporter or energy independent state. The aim of this theses is to state under which circumstances US approved the oil ban in 1975. Furthermore, the aim is to analyse the impact of current legislation and non-regulated crude oil export on US energy sector. The first chapter defines a sanction, its types, how we can measure its effectivenes and describes UN sanctions legislation process. The second chapter describes the Arab embargo from 1973 and last chapter analyses the impact of a new legislation on energy producers and refiners.
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Systemic Risk in the European Financial and Energy Sector: Dynamic Factor Copula Approach
Nevrla, Matěj ; Baruník, Jozef (advisor) ; Buzková, Petra (referee)
In the thesis we perform analysis of systemic risk in the financial and energy sector in Europe. As the econometric tool for estimating dependencies across the subjects we employ factor copula model with GAS dynamics of Oh & Patton (2013b). We apply this model to daily CDS spreads. Based on the estimated results we perform Monte Carlo simulations in order to obtain future values of CDS spreads and measure probability of systemic events. We conclude that substantially higher systemic risk is present within the financial sector. We also find that the most systemic companies from both sectors come from Spain. JEL Classification C53, C55, C58, G17 Keywords Credit Default Swap, Energy Sector, Factor Copula, Financial Sector, Generalized Autore- gressive Score Model, Systemic Risk Author's e-mail matej.nevrla@gmail.com Supervisor's e-mail barunik@fsv.cuni.cz
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Specificity of the protection of economic competition in the EU in the field of energy industry
Adamčíková, Leona ; Šmejkal, Václav (advisor) ; Handrlica, Jakub (referee)
This Master's Thesis deals with the EU competition law enforcement towards undertakings in the energy industry. The attention of the thesis is devoted only to the part of the energy industry, gas and electricity sectors, as the EU decided to liberalize these markets in the mid-1990s with the aim of gradually transform them into the single European energy market, which will be fully open to the competition. The aim of the thesis is to answer research question, what the specifics of the EU competition law enforcement towards undertakings in the energy industry are. The first chapter deals with the fundamental competition law rules, which are analysed in the thesis within the energy industry. These are prohibition of the agreements which have as their object or effect the restriction of competition (regulated in the Art. 101 TFEU) and prohibition of the abuse of dominant position (regulated in the Art. 102 TFEU). Besides these rules, which are enforced ex post, the chapter also deals with the control of merger of undertakings by the Commission as an ex ant competition law enforcement towards notified mergers. The chapter further looks at the main objectives of the competition law and the means the Commission has at its disposal to competition law enforcement. The second chapter briefly describes the...
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Analysis of chosen Czech and German energy sectors. Energy partnership in the context of energy security and EU common market
Mohr, Luděk ; Kučerová, Irah (advisor) ; Petříček, Tomáš (referee)
The presented thesis compares chosen energy industry sectors of the Czech Republic and Federal Republic of Germany and more concretely analyses the degree of energy security of both countries within the context European region. Theoretical background is based on the concurrence of neorealism with neoliberalism and can be identified as main driver of the European energy sector. The thesis had been written as a response to an unexpected shift of German energy policy from fossil towards renewable resources. This change sparked broad public discussion which questioned these concrete steps of German government with regard to the country's energy security. The author of this thesis is, however, trying to provide the point that the development of the European energy towards renewable energy, as well as the finalization of the single energy market will in the long run substantially improve individual and collective energy security of all member states.
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Unconventional Oil Resources and Their Role in Canadian Economy
Březinová, Markéta ; Neumann, Pavel (advisor) ; Vošta, Milan (referee)
The aim of this master thesis is to explore the significance of the growing oil sands production for the economy of the province of Alberta as well as the whole of Canada. Parts of this thesis will outline current global energetic situation with the emphasis on oil production and explain the importance of seeking new alternative sources which includes the renewable energy as well as the unconventional oil and gas. With the waning amount of easily accessible light oil reserves it is likely that the unconventional oil resources where the production is both energetically and financially challenging will become more and more important.
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EU energy policy
Popelka, Milan ; Adámková, Vlasta (advisor) ; Horák, Jiří (referee)
This bachelor thesis deals with EU energy policy. The first chapter analyzes the development and current status of energy sector in the EU. The second chapter describes the development of EU energy policy and analyzes the main areas of cooperation. The third chapter focuses on some of the issues of energy security. Specifically, in this chapter, characterized primarily by the European Union's energy relations with Russia and major projects in infrastructure, that energy security is directly linked.
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European energy policy and its influence on the Czech energetic sector
Vágnerová, Daniela ; Bič, Josef (advisor) ; Popovová, Marie (referee)
This bachelor thesis deals with influence of European energy policy on the Czech energetic sector. The first chapter devotes to the comparison of both areas main indicators like production, import, consumption and prices. The second chapter of this bachelor thesis describes the European energy policy -- its development, core objectives and measures which has to be taken to reach these objectives. The third chapter focuses on Czech energy policy, its development after Velvet revolution and main objectives of current policy. The last chapter assesses the influence of European energy policy on the Czech energetic sector.
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