Supply and Costs in the U.S. Petroleum Industry (Routledge Revivals): Two Econometric Studies, 1st Edition (Hardback) book cover

Supply and Costs in the U.S. Petroleum Industry (Routledge Revivals)

Two Econometric Studies, 1st Edition

By Franklin M. Fisher


178 pages

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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.

Table of Contents

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

About the Series

Routledge Revivals

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Drawing from over 100 years of innovative, cutting-edge publishing, Routledge Revivals is an exciting programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

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Subject Categories

BISAC Subject Codes/Headings:
NATURE / Natural Resources
SCIENCE / Energy