USA oilgas production cost : recent changes
Name
28596172.pdf
Size
347.23 KB
Format
Adobe PDF
Checksum (MD5)
001612182779dfb258d91eaf4718d092
Author(s)
Adelman, Morris Albert
Date Issued
1991
Publisher
MIT Center for Energy and Environmental Policy Research
Series/Report no.
Working paper (Massachusetts Institute of Technology. Center for Energy Policy Research) ; MIT-CEPR 91-010.
Abstract
During 1984-1989, oil development investment cost in the USA fell, but only because of lower activity. The whole cost curve shifted unfavorably (leftward). In contrast, natural gas cost substantially decreased, the curve shifting rightward. This is an additional reason why measures of cost or value "per barrel of oil equivalent" should be avoided.
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