Alternative world oil price scenarios for NEP-II

Technical Report · Wed Oct 18 04:00:00 EDT 1978

OSTI ID:6457907

Kilgore, W C; Rodekohr, M E

An analysis of future world oil prices is presented. A total of fifteen price scenarios are addressed and they are of two general types; the first type estimates the market clearing world oil price that might result from a given level of Organization of Petroleum Exporting Countries (OPEC) productive capacity; and the second type assumes a world oil price and estimates expected OPEC production needed to fulfill demand at that price. The results of the analysis are summarized in figures which show the market clearing price for the OPEC constrained capacity scenarios and the level of OPEC production for the exogenous price scenarios. All prices are given in real 1978 dollars per barrel and OPEC production is specified in million barrels per day (MMBD).

• Research Organization: Department of Energy, Washington, DC (USA). Energy Information Administration
• OSTI ID: 6457907
• Report Number(s): DOE/EIA-0102/19
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
CHARGES
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INTERNATIONAL ORGANIZATIONS
OPEC
PETROLEUM
PRODUCTION