Estimates of the Economic Cost of Producing Crude Oil: Printed at the Request of Henry M. Jackson, Chairman, Committee on Interior and Insular Affairs, United States Senate, Pursuant to S. Res. 45, a National Fuels and Energy Policy StudyU.S. Government Printing Office, 1976 - 435 Seiten |
Andere Ausgaben - Alle anzeigen
Häufige Begriffe und Wortgruppen
Alaska allocation analysis areas assumed assumptions average barrels per day BBLS calculated capital cash flow cent coal cubic feet decontrol demand depletion discounted cash flow discoveries dollars domestic oil drilling costs drilling rate dry hole economic cost economic rents elasticity energy estimates expenditures exploratory Federal Figure finding rate footage forecast fuel future gas prices gas production gas reserves GROSS OIL Gulf of Mexico imports INCOME THOUSANDS industry investment LaRue levels lower 48 million barrels MMB/D MOORE & SCHAFER National Petroleum Council natural gas natural gas liquids North Slope offshore oil and gas oil production oil reserves oil shale oil-in-place onshore OPEC operations Paul Davidson petroleum plants price increases profits projected proved reserves Prudhoe Bay rate of return recovery reserve additions reserves added reservoirs result revenues shale syncrude Table Texas RRC Dist tion Total United wellhead
Beliebte Passagen
Seite 41 - Potential Supply of Natural Gas in the United States (as of December 31, 1970), a Potential Gas Committee report sponsored by Potential Gas Agency, Mineral Resources Institute, Colorado School of Mines Foundation, Inc. (Golden, Colorado, October 1971), p.
Seite 175 - The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us when the storm is long past, the ocean will be flat.
Seite 124 - Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.
Seite 354 - Revisions for a given year also include (1) increases in proved reserves associated with the installation of improved recovery techniques; and (2) an amount which corrects the effect on proved reserves of the difference between estimated production for the previous year and actual production for that year.
Seite 170 - ... proper" use A quick way of disposing with the claim is to note that an Arrow-Debreu equilibrium must be an assumption he is making for the economy and then to show why the economy cannot be in this state. The argument will here turn on the absence of futures markets and contingent futures markets and on the inadequate treatment of time and uncertainty...
Seite 111 - Four: The Supply of Natural Gas The shortage of natural gas in the United States has grown rapidly in the last two or three years. By now, it probably exceeds ten per cent of total demands. This is not a result of a shifting of demands to natural gas due to the Arab oil embargo. Rather, it is a continuous and systematic long-term shortage, and there is every reason to believe that it will not be eased appreciably in the remaining years of this decade under...
Seite 103 - ... demand if only domestic supplies were available, since importation from abroad must add some quantity to supply, and thus reduce the price. Therefore, we ask how high the price may be for exclusively domestic supply-demand equilibrium, since the answer to this question provides a first indication of the "cost
Seite 131 - ... per day, and would be at a fixed price per barrel (plus adjustment for inflation) for an adequate period of years (ten to 20). Through this bidding process, it can be determined whether and how much subsidy is required. Two: The federal government offers to purchase oil from new commercial plants at a price agreed upon by negotiation. Many details of such schemes remain to be analyzed. But by moving now to offer a price floor for the critical first generation of plants — up to perhaps 500,000...
Seite 170 - In this view, neoclassical systems are only: very useful when for instance one comes to argue with someone who maintains that we need not worry about exhaustible resources because they will always have prices which ensure their 'proper' use. Of course there are many things wrong with this contention but a quick way of disposing of the claim is to note that an Arrow-Debreu equilibrium must be an assumption he is making for the economy and then to show why the economy cannot be in this state. The argument...
Seite 129 - US from the burden of high-priced oil imports, if the cost of imports is higher than the cost of increased domestic supplies. Much discussion of Project Independence treats these goals as if they were one, but they are not necessarily even compatible. For example, if domestic supplies do not increase appreciably when the price rises, or if world oil prices decrease, then self-sufficiency could be bought only at the cost of an increase in prices over what might well be the long-term normal price of...