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Modelling World Oil Supply

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:
L13 - Oligopoly and Other Imperfect Markets
E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination

Keywords: Oil supply. Oil prices, OPEC, cartel

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

Published in Volume 14, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.