Costs of aggregate hydrocarbon reserve additions
In what follows, we highlight problems created by aggregation using fixed conversion coefficients (Section 1). We then offer an economic index approach as an alternative, one that recognizes changing relative values of oil and gas over time (Section 2). This aggregation technique - the Divisia index...
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| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/44992 |
| _version_ | 1826200272773316608 |
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| author | Adelman, Morris Albert Watkins, G. C. |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Adelman, Morris Albert Watkins, G. C. |
| author_sort | Adelman, Morris Albert |
| collection | MIT |
| description | In what follows, we highlight problems created by aggregation using fixed conversion coefficients (Section 1). We then offer an economic index approach as an alternative, one that recognizes changing relative values of oil and gas over time (Section 2). This aggregation technique - the Divisia index - is applied to US reserve and in situ price data from 1982 to year 2001 to derive implicit shifts in unit costs of aggregated oil and gas reserve additions; these results are compared with those from the traditional fixed coefficient measures (Section 3). Concluding remarks are in Section 4. |
| first_indexed | 2024-09-23T11:33:57Z |
| format | Working Paper |
| id | mit-1721.1/44992 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T11:33:57Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/449922019-04-10T11:14:32Z Costs of aggregate hydrocarbon reserve additions Adelman, Morris Albert Watkins, G. C. Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. In what follows, we highlight problems created by aggregation using fixed conversion coefficients (Section 1). We then offer an economic index approach as an alternative, one that recognizes changing relative values of oil and gas over time (Section 2). This aggregation technique - the Divisia index - is applied to US reserve and in situ price data from 1982 to year 2001 to derive implicit shifts in unit costs of aggregated oil and gas reserve additions; these results are compared with those from the traditional fixed coefficient measures (Section 3). Concluding remarks are in Section 4. Supported by the MIT Center for Energy and Environmental Policy Research. 2009-04-03T17:05:16Z 2009-04-03T17:05:16Z 2002 Working Paper 2002-011 http://hdl.handle.net/1721.1/44992 52313246 MIT-CEEPR (Series) ; 02-011WP. 22 p application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Adelman, Morris Albert Watkins, G. C. Costs of aggregate hydrocarbon reserve additions |
| title | Costs of aggregate hydrocarbon reserve additions |
| title_full | Costs of aggregate hydrocarbon reserve additions |
| title_fullStr | Costs of aggregate hydrocarbon reserve additions |
| title_full_unstemmed | Costs of aggregate hydrocarbon reserve additions |
| title_short | Costs of aggregate hydrocarbon reserve additions |
| title_sort | costs of aggregate hydrocarbon reserve additions |
| url | http://hdl.handle.net/1721.1/44992 |
| work_keys_str_mv | AT adelmanmorrisalbert costsofaggregatehydrocarbonreserveadditions AT watkinsgc costsofaggregatehydrocarbonreserveadditions |