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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: Q38: Nonrenewable Resources and Conservation: Government Policy, Q35: Hydrocarbon Resources, Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, L71: Mining, Extraction, and Refining: Hydrocarbon Fuels

Keywords: Oil industry, Oil prices. Energy policy

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

Published in Volume 10, Number 2 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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