Examination of several world oil price scenarios given exogenous supply and demand estimates. Analysis Memorandum No. AM/IA/78-21

Technical Report · Mon Jul 31 00:00:00 EDT 1978

OSTI ID:6084124

Kilgore, W C; Rodekohr, M

An analysis of future world oil prices is documented. The analysis is based on estimates of world oil supply and demand provided by the Senate Energy and Natural Resources Committee and uses the latest Energy Information Administration (EIA) price, income, and economic feedback elasticities to forecast market clearing world oil prices for a number of different scenarios. The assumptions critical to the analysis are: the specification of the base supply and demand paths provided by the Senate Committee; the OPEC production limits as specified by the Office of International Affairs (Department of Energy); and the EIA elasticity estimates which were derived from previous simulations of the PIES, IEES, and DRI macroeconomic models.

• Research Organization: Department of Energy, Washington, DC (USA). Energy Information Administration
• OSTI ID: 6084124
• Report Number(s): DOE/EIA-0102/9
• Country of Publication: United States
• Language: English

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