The Competitive Floor to World Oil Prices
Author:
- 1 October 1986
- journal article
- Published by SAGE Publications in The Energy Journal
- Vol. 7 (4) , 9-36
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.Keywords
This publication has 4 references indexed in Scilit:
- Scarcity and World Oil PricesReview of Economics and Statistics, 1986
- International Energy Workshop: Oil Price ProjectionsThe Energy Journal, 1986
- Regional modelling of oil discovery and productionEnergy Economics, 1984
- Exploration and ScarcityJournal of Political Economy, 1982