What is Peak oil?
"The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to depletion."
--Colin Campbell
US oil production
A combined decline-curve and price analysis of US crude oil production, 1968–1976
Publication date:
1980-04-01
First published in:
Energy Economics
Abstract:
An approach combining decline-curve and price analysis is used to model US oil production over the period 1968–1976. The decline curve characteristics of US oil production are captured with time series analysis. Regression analysis is then used to adjust the time series estimates in order to account for price changes. Significant but small price effects are shown to exist in the short run and policy implications of the analytical findings are explored.
Published in: Energy Economics, Volume 2, Issue 2, April 1980, Pages 111-114
Available from: ScienceDirect
The decontrol of US oil production
Publication date:
1980-03-01
First published in:
Energy Policy
Abstract:
Us domestic oil reserves and production levels have been declining, but the quantity of oil available on world markets for export to the USA is also likely to decrease in the future - as a result of declining world reserves and increased conservation by the oil exporting nations. President Carter's decontrol plan is therefore aimed at stimulating oil production within the USA as well as less wasteful petroleum use. This article assesses the effectiveness of the decontrol plan in the light of recent trends in US and world oil production and reserves. It concludes that the Carter plan could need substantial revision since its effect may be to reduce current US production in favour of higher prices after decontrol.
Published in: Energy Policy, Volume 8, Issue 1, March 1980, Pages 38-49
Available from: ScienceDirect
