Mixon's Research on the Impact of Armed Conflicts on Energy Prices and Consumer Surplus in the EU Picked up by BBC News
Research by the University of South Alabama's Ermanno Affuso, Ján Buleca and Maryna Tatar of the Technical University of Košice, and Turner College economist Frank Mixon on the impact of armed conflicts on the price of energy in the European Union has recently been included in reports by BBC News on U.S. conflicts with Venezuela and, more recently, Iran. These researchers utilize a worldwide annual count of armed conflicts to capture the global conflict environment that can affect European household energy prices through commodity markets, sanctions, shipping disruptions, insurance premiums and geopolitical uncertainty. The central story of the research is that higher global conflict exposure since the late 1990s is associated with an adverse shift in energy supply and losses in consumer welfare that have grown to 30 billion Euros. Affuso, one of the study's co-authors, has also discussed the work with the Mobile, Alabama, FOX affiliate on multiple occasions as the effects of these conflicts have deepened in the past few weeks.
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