The Influence of Gas-to-Liquids and Natural Gas Production Technology Penetration on the Crude Oil-Natural Gas Price Relationship

The Influence of Gas-to-Liquids and Natural Gas Production Technology Penetration on the Crude Oil-Natural Gas Price Relationship

The paper examines conditions under which gas-to-liquids (GTL) technology penetration shifts the crude oil-natural gas price ratio. Technologies that enable direct substitution across fuels, as GTL does, may constrain the price ratio within certain bounds. We analyze the forecasted evolution of the...

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Bibliographic Details
Main Authors: Ramberg, D.J., Chen, Y.-H.H., Paltsev, S., Parsons, J.E.
Format: Technical Report
Language:en_US
Published: MIT Joint Program on the Science and Policy of Global Change 2016
Online Access:http://hdl.handle.net/1721.1/102611

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