Progress report to the National Science Foundation for the period July 1, 1980 to December 31, 1981 of the project on cartel behavior and exhaustible resource supply : a case study of the world oil market
Name
EL_TR_1982_012.pdf
Size
4.31 MB
Format
Adobe PDF
Checksum (MD5)
b9cbbb4375f498273db592b13a38d65f
Alternative Title
Cartel behavior and exhaustible resource supply.
Date Issued
1982
Publisher
[Cambridge, Mass.] : Massachusetts Institute of Technology, Energy Laboratory, [1982]
Series/Report no.
Energy Laboratory report (Massachusetts Institute of Technology. Energy Laboratory) no. MIT-EL 82-012.
Abstract
The M.I.T. World Oil Project has been developing forecasting methods that integrate the following considerations which influence investment in oil capacity and the level of oil exports: (1) the geology and microeconomics of exploration and production; and (2) macroeconomic and financial effects of oil investment and export sales. The effort is a continuation of previous NSF-sponsored research on the world oil market. Simplified methods of disaggregated analysis of oil exploration and production are being developed, and a country-level model of oil finance has been formulated and tested. This research has proceeded sufficiently well that it appears possible to merge the two into a unified analysis. This research will contribute to our unde-standin of oil supply from critical regions of the world; it also should lead to better supply analysis for inclusion in the oil system models maintained by U.S. government agencies, university research and non-profit groups, and private industries.
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