Comparative state-of-the-art assessment of oil supply modeling. Final report

Technical Report · Thu Jun 01 00:00:00 EDT 1978

DOI:https://doi.org/10.2172/6445958· OSTI ID:6445958

Ciliano, R.; Fallah, M. H.; Limaye, D. R.

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

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
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SUPPLY AND DEMAND
PETROLEUM INDUSTRY
RESOURCE ASSESSMENT
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ECONOMIC ANALYSIS
EVALUATION
RESERVES
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
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020000* - Petroleum
294002 - Energy Planning & Policy- Petroleum