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| Chapman, Duane; Khanna, Neha. |
| Geologic estimates ofremainingglobalpetroleum resourcesplace about 50% in the Persian Gulf. Production costs are estimated at $5 per barrel there, and $15 per barrel in the North Sea andAlaska. Using mathematical methods derivedfrom depletion theory, the present valueofeconomicrentfromoilisontheorder of$20trillion. Gametheoryisutilizedtoexplain the $15-$20 per barrel price band that eXistedfrom 1986 to 1999; new economicforces may displace this stable pattern. International trade in petroleum and conventional weapons are analyzedwitheconometricmethods; theoccurrence ofnuclearweaponscapabilityisexplored |
| Tipo: Working Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/121157 |
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| Chapman, Duane; Khanna, Neha. |
| Can the economic theory of depletion be reconciled with low petroleum? This paper uses a revision of the theory, which reflects demand functions that rise in response to increasing world population and income. The magnitude of producers’ and consumers’ surplus is estimated under both competitive and monopolistic assumptions; the result indicates a present value comparable to or in excess of today’s Gross World Economic Product. Game theory suggests a framework which explains the interaction between oil pricing and military policy, and the economic incentives which result in a general pattern of recent market equilibrium crude oil prices often fluctuating within a $15-$20 per barrel range. The analysis concludes that the economic incentives for political... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade; Resource /Energy Economics and Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/7232 |
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| Chapman, Duane; Khanna, Neha. |
| Geologic estimates of remaining global petroleum resources place about 50% in the Persian Gulf. Production costs are estimated at $5 per barrel there, and $15 per barrel in the North Sea and Alaska. Using mathematical methods derived from depletion theory is utilized to explain the $15-$20 per barrel price band that existed from 1986 to 1999. New economic forces have displaced this previously stable pattern; a new price range of $22-to $28 may be emerging. International trade in petroleum and conventional weapons are analyzed with econometric methods; the occurrence of nuclear weapons capability in the Persian Gulf region is explored. |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade; Resource /Energy Economics and Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/7229 |
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| Khanna, Neha; Chapman, Duane. |
| This payer presents a model framework and results that combine resource depletion with optimal economic growth and climate change in a macro-geoeconomic model. In doing so, the authors build upon the 'n Nordhaus DICE model to include the demands for coal, oil, and natural gas. These demands depend upon own price, prices of substitute fuels, per capita income, and population. The resource depletion model captures the effect on oil depletion of upward shifting demand curves which respond to population and income growth. A methodological advantage of including price, income, and population sensitive energy demand functions is that it allows substitution possibilities in the "production" of emissions. Furthermore, it allows the analysis of energy tax regimes... |
| Tipo: Working Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1997 |
URL: http://purl.umn.edu/121172 |
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