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Modelling World Oil Supply

Abstract:
David Wood and I had many conversations on this subject, and he encouraged me to prepare a paper for a September 1989 session of the Energy Modelling Forum. It has been enlarged and rewritten, to incorporate working and published papers completed since then, thanks in no small measure to David Wood's friendship and support.

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Energy Specializations: Petroleum – Markets and Prices for Crude Oil and Products; Energy Modeling – Energy Data, Modeling, and Policy Analysis

JEL Codes: Q38: Nonrenewable Resources and Conservation: Government Policy, Q35: Hydrocarbon Resources, Q47: Energy Forecasting, Q41: Energy: Demand and Supply; Prices, L71: Mining, Extraction, and Refining: Hydrocarbon Fuels

Keywords: Oil supply. Oil prices, OPEC, cartel

DOI: 10.5547/ISSN0195-6574-EJ-Vol14-No1-1

Published in Volume 14, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.

 

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