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Factors influencing future oil and gas prospects in the Arctic

  • Harsem, Øistein
  • Eide, Arne
  • Heen, Knut
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    The article explores oil and natural gas development in the Arctic. While several commentators have argued that an increase in Arctic petroleum production in the years to come will follow directly from an increased demand for energy, our study finds that oil and natural gas production in the Arctic is dependent on a range of variables. By using climate-driven changes as a baseline, we examine spill-over effects and conditions that are important for further Arctic hydrocarbon production. Using the available literature from different scientific fields, this article provides a broad and nuanced perspective on the much debated question of whether or not the Arctic will become a region driven by oil and gas production.

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    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 39 (2011)
    Issue (Month): 12 ()
    Pages: 8037-8045

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    Handle: RePEc:eee:enepol:v:39:y:2011:i:12:p:8037-8045
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    1. Chevillon, Guillaume & Rifflart, Christine, 2007. "Physical Market Determinants of the Price of Crude Oil and the Market Premium," ESSEC Working Papers DR 07020, ESSEC Research Center, ESSEC Business School.
    2. Jaimovich, Nir & Rebelo, Sérgio, 2006. "Can News About the Future Drive the Business Cycle?," CEPR Discussion Papers 5877, C.E.P.R. Discussion Papers.
    3. James D. Hamilton, 2009. "Causes and Consequences of the Oil Shock of 2007-08," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 40(1 (Spring), pages 215-283.
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