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Energy and Economy: Global Interdependences

William W. Hogan

Year: 1985
Volume: Volume 6
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol6-No4-2
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Abstract:
This meeting, the Seventh International Conference of the International Association of Energy Economists (IAEE), finds us again in the midst of transitions in energy markets. Continued adjustments in oil demand, natural gas bubbles in Europe and North America, closures of refineries, and concerns about acid rain are just a few of the issues that reflect the turbulence and continued change in energy concerns and policy. This list of challenges suggests opportunities for energy economists to contribute their special perspectives to the clarification of issues and options. At an international conference, we can reinforce communications across national boundaries as we consider our related problems.



The Competitive Floor to World Oil Prices

M. A. Adelman

Year: 1986
Volume: Volume 7
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No4-1
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Abstract:
Years ago, I suggested that there was no current or impending oil shortage. Growing consumption, static U.S. production, and other reasons offered then and now did not imply that prices would rise. That conclusion only made sense if the pressure on reserves was increasing, a situation that would be signaled by rising costs of maintaining and expanding output. There was and is no sign of this.





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