It has been 40 years since the oil crisis of 1973/74. This crisis has been one of the defining
economic events of the 1970s and has shaped how many economists think about oil price …

Since the Pennsylvania oil rush of 1859, petroleum has quickly become the dominant fuel of
industrial society. The “Peak Oil” debate focused on whether or not there was an impending …

This review paper assesses oil supply modeling techniques and critically evaluates their
usefulness in projecting future oil production. It reviews models that project future rates of oil …

We show that oil production from existing wells in Texas does not respond to oil prices, while
drilling activity and costs respond strongly. To explain these facts, we reformulate Hotelling's …

La dependencia con respecto al uso de combustibles fósiles ha generado dos tipos de
preocupaciones: por un lado, los impactos ambientales asociados y, en especial, sus …

Many observers regard the world oil market as a puzzle. Why are oil prices so volatile? Why
did prices spike in the summer of 2008, and what role did speculators play? How important …

We develop a stochastic decision model to analyse the global competitive dynamics of fossil
fuels and renewable energy. It describes coal, oil/gas, solar and wind. These differ not only …

This article makes four contributions. First, it investigates the extent to which the US fracking
boom has caused Arab oil exports to decline since late 2008. Second, the article quantifies …

This study assesses the threat that depletion poses to the availability of petroleum
resources. It does so by estimating cumulative availability curves for conventional petroleum …

The reserves, production from mines, supply of aluminium to society and mass fluxes of
aluminium in society was assessed using an integrated systems dynamics model …