Survey of price elasticities from economic exploration models of US oil and gas supply

@inproceedings{Dahl1998SurveyOP,
  title={Survey of price elasticities from economic exploration models of US oil and gas supply},
  author={Carol A. Dahl and Thomas E. Duggan},
  year={1998}
}
Abstract Exploration for oil or gas reserves consists of searching for and finding new reserves. It begins with the study of the geology of an area followed by exploratory or wildcat drilling in promising areas. How much oil or gas is found or the supply of new reserves is a function of exploration, the geology of the area drilled along with a random component measuring the fickleness of mother nature in yielding up her treasures to mere mortals. Knowing how oil and gas prices affect this… CONTINUE READING

Similar Papers

Citations

Publications citing this paper.
SHOWING 1-10 OF 22 CITATIONS