Comparative state-of-the-art assessment of oil supply modeling. Final report
A state-of-the-art comparison is presented of 10 major oil supply modeling efforts as categorized into three general classifications; viz. (1) hybrid structural models of resource economics; (2) pure econometric models; and (3) resource base-geologic models. In addition to the model-by-model assessments presented, a brief, yet detailed discussion of the crude oil supply sector is included to give some background and perspective into the importance of crude oil in the domestic energy economy and the pattern of evolution which has significantly influenced the industry's current composition and condition. The elements of the oil supply process are defined along with the chronology of oil supply modeling efforts and the characteristics which distinguished them. An evaluation is included concerning the current state of the art and recommendations for next steps to be taken in future research efforts in this area are given.
- Research Organization:
- Mathtech, Inc., Princeton, NJ (USA)
- OSTI ID:
- 6445958
- Report Number(s):
- EPRI-EA-609
- Country of Publication:
- United States
- Language:
- English
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POLICY AND ECONOMY
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PETROLEUM INDUSTRY
RESOURCE ASSESSMENT
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