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The Impacts Of The Market Pricing Of Canadian Energy Resources On The Alberta Oil Industry

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  • Gould, Brian W.

Abstract

Canada has recently enacted legislation that decontrols the price of domestically produced crude oil and natural gas. This study presents an analysis of the impacts of such decontrol via the use of an econometric model of the petroleum industry of the province of Alberta. The model developed in this study improves upon previous models in terms of the endogenizing of key variables associated with the exploration process. The model is estimated for 1958-79, and a simulation of the 1985-95 period is conducted.

Suggested Citation

  • Gould, Brian W., 1987. "The Impacts Of The Market Pricing Of Canadian Energy Resources On The Alberta Oil Industry," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(1), pages 1-13, July.
    • Handle: RePEc:ags:wjagec:32469
    DOI: 10.22004/ag.econ.32469
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    References listed on IDEAS

    as
    1. Clark, Peter & Coene, Patrick & Logan, Douglas, 1981. "A comparison of ten U.S. oil and gas supply models," Resources and Energy, Elsevier, vol. 3(4), pages 297-335, December.
    2. Pakravan, Karim, 1984. "Estimation of user's cost for a depletable resource such as oil," Energy Economics, Elsevier, vol. 6(1), pages 35-40, January.
    3. Terrence E. Daniel & Henry M. Goldberg, 1982. "Moving towards World Pricing for Oil and Gas," Canadian Public Policy, University of Toronto Press, vol. 8(1), pages 3-13, Winter.
    4. Pagoulatos, Angelos & Debertin, David L. & Pagoulatos, Emilio, 1978. "Government Price Policies And The Availability Of Crude Oil," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(1), pages 1-16, July.
    5. Rowse, John, 1985. "Optimal intertemporal supplies of crude oil and natural gas for Canada," Resources and Energy, Elsevier, vol. 7(4), pages 395-424, December.
    6. Rice, Patricia & Smith, V. Kerry, 1977. "An econometric model of the petroleum industry," Journal of Econometrics, Elsevier, vol. 6(3), pages 263-287, November.
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    Cited by:

    1. Black, Geoffrey & LaFrance, Jeffrey T., 1998. "Is Hotelling's Rule Relevant to Domestic Oil Production?," Journal of Environmental Economics and Management, Elsevier, vol. 36(2), pages 149-169, September.

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    Keywords

    Resource /Energy Economics and Policy;

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