• Primary Program Markets and Industrial Development
  • Research Interests Oil and natural gas markets and their financial derivatives

Biography

Dr. Ripple has studied oil and gas markets for over 38 years, starting as an economist in the Office of Budget and Management, in the Office of the Governor of Alaska. He followed this with positions as VP and Senior Economist with Economic Insight, Inc., in Portland, Oregon and Senior Research Fellow with the East-West Center, in Honolulu, Hawaii. Ron has held academic posts with the University of Tulsa (USA), Curtin University (AUS), Macquarie University (AUS), and Edith Cowan University (AUS), and as a Visiting Associate Professor with the Chinese University of Hong Kong (CHINA), and as a Visiting Professor with Beihang University (CHINA). Dr. Ripple earned a PhD in Economics from the University of Oregon, and an MA (Econ) and BS (Fin) from the Pennsylvania State University.

Publications

See all Ronald’s publications
  • Instant Insights
WTI Negative Price and Cushing, Oklahoma, Crude Oil Storage Capacity: The Importance of 15%

WTI Negative Price and Cushing, Oklahoma, Crude Oil Storage Capacity: The Importance of 15%

Working storage capacity at Cushing, Oklahoma, is approximately 77 million barrels, which represents about 15% of the United States’ (U.S.) total working crude oil storage capacity, excluding the Strategic Petroleum Reserve. Cushing storage is important to the U.S. crude oil industry because it is the delivery and pricing point for the New York Mercantile Exchange (NYMEX) light sweet crude oil futures contract, typically referred to as the West Texas Intermediate (WTI) contract.

13th May 2020
Assessment of Coronavirus Effects on Oil Demand Implied by Price Elasticities

Assessment of Coronavirus Effects on Oil Demand Implied by Price Elasticities

There appears to be a significant response in the crude oil markets to the coronavirus outbreak that originated in Wuhan, China, in December 2019 and has since spread globally. Many cities in Hubei, of which Wuhan is the capital, have been quarantined, with many airlines suspending flights to mainland China.

20th February 2020
Oil Market Reactions to Recent Geopolitical Events

Oil Market Reactions to Recent Geopolitical Events

The prices for crude oil reported on both the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE, London) reflect the oil market’s expectations for the future balance of oil supply and demand. In the face of significant geopolitical events, the observed price changes may be employed to assess implied supply disruptions.

11th February 2020

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