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Principles of Petroleum - Then and Now

My decision to withdraw from the oil scene, of which I have been part for well over sixty years, provides the opportunity to review the basic points of the theory which I formulated in my first book - Essentials of Petroleum - published some forty years ago. While I am at it, I should endeavor to scrutinize the degree to which these findings have retained some validity - if any.

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Energy Specializations: Petroleum – Markets and Prices for Crude Oil and Products; Petroleum – Policy and Regulation

JEL Codes:
L13 - Oligopoly and Other Imperfect Markets
E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

Keywords: Oil industry, Oil prices. Energy policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No2-1

Published in Volume 10, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.