OPEC's Role in the Diversified Future Energy Market
This paper, which is developed within the framework of political economy of petroleum starts by a brief reviewing of OPEC’s policy instrument based on members’ excess production capacities and quota systems for managing the global oil market. The basic shortcoming in modeling OPEC’s economic behavio...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2011-03-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Subjects: | |
| Online Access: | https://ijer.atu.ac.ir/article_3307_668fb9f07532ff12c23efa993fafbd47.pdf |
| _version_ | 1797369418234200064 |
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| author | Ali Bagheri |
| author_facet | Ali Bagheri |
| author_sort | Ali Bagheri |
| collection | DOAJ |
| description | This paper, which is developed within the framework of political economy of petroleum starts by a brief reviewing of OPEC’s policy instrument based on members’ excess production capacities and quota systems for managing the global oil market. The basic shortcoming in modeling OPEC’s economic behavior is then examined. The analytical framework used in this paper for speculations on the future role of OPEC in a diversified future energy market incorporates the impacts of the followings on expected OPEC’s supply: Non-OPEC production potentials of crude oil, long-term supply of unconventional sources of crude oil and long-term potentials of production from renewable sources of energies. It is concluded that there are a number of evidences to support the scenario of continuity of the significant share of OPEC’s crude oil production in the future diversified energy mix, hence enhancing OPEC’s role in the management of global energy market. |
| first_indexed | 2024-03-08T17:46:34Z |
| format | Article |
| id | doaj.art-ec64e1960c3e4362b339249fbe7cf10b |
| institution | Directory Open Access Journal |
| issn | 1726-0728 2476-6445 |
| language | fas |
| last_indexed | 2024-03-08T17:46:34Z |
| publishDate | 2011-03-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | فصلنامه پژوهشهای اقتصادی ایران |
| spelling | doaj.art-ec64e1960c3e4362b339249fbe7cf10b2024-01-02T10:28:50ZfasAllameh Tabataba'i University Pressفصلنامه پژوهشهای اقتصادی ایران1726-07282476-64452011-03-0116461183307OPEC's Role in the Diversified Future Energy MarketAli Bagheri0Ph.D in Economics, Faculty of Islamic Studies and Economics, Imam Sadiq علیه السلام UniversityThis paper, which is developed within the framework of political economy of petroleum starts by a brief reviewing of OPEC’s policy instrument based on members’ excess production capacities and quota systems for managing the global oil market. The basic shortcoming in modeling OPEC’s economic behavior is then examined. The analytical framework used in this paper for speculations on the future role of OPEC in a diversified future energy market incorporates the impacts of the followings on expected OPEC’s supply: Non-OPEC production potentials of crude oil, long-term supply of unconventional sources of crude oil and long-term potentials of production from renewable sources of energies. It is concluded that there are a number of evidences to support the scenario of continuity of the significant share of OPEC’s crude oil production in the future diversified energy mix, hence enhancing OPEC’s role in the management of global energy market.https://ijer.atu.ac.ir/article_3307_668fb9f07532ff12c23efa993fafbd47.pdfopecunconventional sourcesrenewable sourcesexpected supply of crude oil |
| spellingShingle | Ali Bagheri OPEC's Role in the Diversified Future Energy Market فصلنامه پژوهشهای اقتصادی ایران opec unconventional sources renewable sources expected supply of crude oil |
| title | OPEC's Role in the Diversified Future Energy Market |
| title_full | OPEC's Role in the Diversified Future Energy Market |
| title_fullStr | OPEC's Role in the Diversified Future Energy Market |
| title_full_unstemmed | OPEC's Role in the Diversified Future Energy Market |
| title_short | OPEC's Role in the Diversified Future Energy Market |
| title_sort | opec s role in the diversified future energy market |
| topic | opec unconventional sources renewable sources expected supply of crude oil |
| url | https://ijer.atu.ac.ir/article_3307_668fb9f07532ff12c23efa993fafbd47.pdf |
| work_keys_str_mv | AT alibagheri opecsroleinthediversifiedfutureenergymarket |