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Elastic Oil. A primer on the economics of exploration and production

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  • Mohn, Klaus

    () (University of Stavanger)

Abstract

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Suggested Citation

  • Mohn, Klaus, 2009. "Elastic Oil. A primer on the economics of exploration and production," UiS Working Papers in Economics and Finance 2009/10, University of Stavanger.
  • Handle: RePEc:hhs:stavef:2009_010
    as

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    File URL: http://www1.uis.no/ansatt/odegaard/uis_wps_econ_fin/uis_wps_2009_10_mohn.pdf
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    References listed on IDEAS

    as
    1. Robert K. Kaufmann & Cutler J. Cleveland, 2001. "Oil Production in the Lower 48 States: Economic, Geological, and Institutional Determinants," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 27-49.
    2. James L. Smith, 2005. "Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 51-82.
    3. Ringlund, Guro Bornes & Rosendahl, Knut Einar & Skjerpen, Terje, 2008. "Does oilrig activity react to oil price changes An empirical investigation," Energy Economics, Elsevier, vol. 30(2), pages 371-396, March.
    4. Farzin, Y. H., 2001. "The impact of oil price on additions to US proven reserves," Resource and Energy Economics, Elsevier, vol. 23(3), pages 271-292, July.
    5. Kaufmann, Robert K., 1991. "Oil production in the lower 48 states : Reconciling curve fitting and econometric models," Resources and Energy, Elsevier, vol. 13(1), pages 111-127, April.
    6. Ramcharran, Harri, 2002. "Oil production responses to price changes: an empirical application of the competitive model to OPEC and non-OPEC countries," Energy Economics, Elsevier, vol. 24(2), pages 97-106, March.
    7. Cutler J. Cleveland & Robert K. Kaufmann, 1997. "Natural Gas in the U.S.: How Far Can Technology Stretch the Resource Base?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 89-108.
    8. Managi, Shunsuke & Opaluch, James J. & Jin, Di & Grigalunas, Thomas A., 2005. "Technological change and petroleum exploration in the Gulf of Mexico," Energy Policy, Elsevier, vol. 33(5), pages 619-632, March.
    9. Finn Roar Aune & Klaus Mohn & Petter Osmundsen & Knut Einar Rosendahl, 2007. "Industry restructuring, OPEC response - and oil price formation," Discussion Papers 511, Statistics Norway, Research Department.
    10. Dahl, Carol & Duggan, Thomas E., 1998. "Survey of price elasticities from economic exploration models of US oil and gas supply," Journal of Energy Finance & Development, Elsevier, vol. 3(2), pages 129-169.
    11. Watkins, G.C., 2006. "Oil scarcity: What have the past three decades revealed?," Energy Policy, Elsevier, vol. 34(5), pages 508-514, March.
    12. John R. Moroney & M. Douglas Berg, 1999. "An Integrated Model of Oil Production," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 105-124.
    13. Pesaran, M. Hashem & Samiei, Hossein, 1995. "Forecasting ultimate resource recovery," International Journal of Forecasting, Elsevier, vol. 11(4), pages 543-555, December.
    14. Mohn, Klaus & Osmundsen, Petter, 2008. "Exploration economics in a regulated petroleum province: The case of the Norwegian Continental Shelf," Energy Economics, Elsevier, vol. 30(2), pages 303-320, March.
    15. Klaus Mohn, 2008. "Efforts and Efficiency in Oil Exploration: A Vector Error-Correction Approach," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 53-78.
    16. Cutter J. Cleveland & Robert K. Kaufmann, 1991. "Forecasting Ultimate Oil Recovery and Its Rate of Production: Incorporating Economic Forces into the Models of M. King Hubbert," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 17-46.
    17. N. V. Quyen, 1991. "Exhaustible Resources: A Theory of Exploration," Review of Economic Studies, Oxford University Press, vol. 58(4), pages 777-789.
    18. Jeffrey A. Krautkraemer, 1998. "Nonrenewable Resource Scarcity," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 2065-2107, December.
    19. Boone, Jeff P., 1998. "The effect of the corporate alternative minimum tax on investment in oil and gas exploration and development," Journal of Energy Finance & Development, Elsevier, vol. 3(2), pages 101-128.
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    Cited by:

    1. Mohn, Klaus, 2016. "Resource revenue management and wealth neutrality in Norway," Energy Policy, Elsevier, vol. 96(C), pages 446-457.
    2. Mohn, Klaus, 2015. "Resource revenue management and wealth neutrality," UiS Working Papers in Economics and Finance 2015/2, University of Stavanger.
    3. repec:ura:ecregj:v:1:y:2017:i:2:p:628-640 is not listed on IDEAS

    More about this item

    Keywords

    Oil; Exploration: Production;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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