Analysis of the world oil market. Final report, 1 March 1975-28 February 1978

Technical Report · Sat Apr 01 04:00:00 EST 1978

OSTI ID:5492879

Jacoby, H D

The world oil market was analyzed using two types of models, one representing capital behavior and the other, a detailed simulation model of market supply and demand. The investigation involved a set of studies of oil supply from key producer areas, impact demand from major consumers, and integration of estimated supply and demand functions into a simulation model for studying future developments. The simulation framework was combined with a separate set of behavioral models of the cartel-core nations and their price-setting decisions, together with studies of evolving contract arrangements, trade patterns, and financial factors. This research increases understanding of the workings of the world oil market and the likely effects of various national policies. The report includes forecasts of likely future paths; studies of possible causes of cartel instability; evaluation of various consumer and producer policies; and a study of likely patterns in oil and their implications for national security and international finance. Extensive reference abstracts are included.

• Research Organization: Massachusetts Inst. of Tech., Cambridge (USA). Energy Lab.
• OSTI ID: 5492879
• Report Number(s): PB-81-141319
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002 -- Energy Planning & Policy-- Petroleum
CAPITAL
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
EXPLORATION
FINANCING
FORECASTING
FOSSIL FUELS
FUELS
INDUSTRY
MARKET
MARKETING
MATHEMATICAL MODELS
PETROLEUM
PETROLEUM INDUSTRY
PETROLEUM PRODUCTS
PRICES
PROCESSING
PRODUCTION
REFINING
SUPPLY AND DEMAND
TRADE