Supply and Costs in the U.S. Petroleum Industry (Routledge Revivals) Two Econometric Studies Routledge Revivals Series
Auteur : Fisher Franklin M.
Any discussion of the various facets of petroleum policy in the United States rests to a greater or less extent on the issue of sensitivity of petroleum exploration, and hence of new petroleum discoveries to economic incentives. Indeed, a principle argument in favour of having a special petroleum policy at all is that domestic petroleum exploration is so sensitive to economic considerations that in the absence of special incentives exploration expenditures would sharply decrease, as would the amount of petroleum discovered; consequently, the nation?s known oil resources would be reduced to an extent dangerous in the event of an international crisis.
This study attempts to answer the question: how sensitive are new petroleum discoveries to economic incentives? This book will be of interest to students of environmental studies.
Foreword; Preface; 1. The supply curves of wildcat drilling and of new petroleum discoveries in the United States 2. Measuring the effects of depth and technological change on drilling costs; List of tables; Appendix
Date de parution : 08-2016
17.4x24.6 cm
Date de parution : 02-2015
17.4x24.6 cm
Thèmes de Supply and Costs in the U.S. Petroleum Industry... :
Mots-clés :
wildcat; drilling; districts; arginal; success; ratio; argum; ent; inform; ation; Wildcat Drilling; Petroleum Districts; Long Run Price Elasticity; Wildcat Wells; Appendix Tables B1; Success Ratio; Dummy Variables; Drilling Decision; Direct Price Effects; Inter-year Comparisons; Gas Discoveries; Drilling Costs; Freehand Curve; National Petroleum Council; Small Prospects; Oil Discoveries; Slim Hole Drilling; Independent Petroleum Association; Initial Depth; Total Cost Decreases; Petroleum Discoveries; Productive Wells; Discovery Size; Vice Versa; Dry Holes