As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decad
By the end of the 21st century, our oil and natural gas supplies will be virtually nonexistent, and limited coal supplies will be restricted to only a handful o
As feedstocks to refineries change, there must be an accompanying change in refinery technology. This means a movement from conventional means of refining heavy
This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration