Crude oil supply curves
Short-run cost curves shift over time as depletion counters increasing knowledge. Under competition, a rightward (leftward) shift indicates lower (higher) cost and greater (lesser) productivity. A simple coefficient captures the slope, and its changes. USA crude oil productivity rose for many years,...
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| Muut tekijät: | |
| Aineistotyyppi: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Linkit: | http://hdl.handle.net/1721.1/45082 |
| _version_ | 1826192669428154368 |
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| author | Adelman, Morris Albert |
| 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 |
| author_sort | Adelman, Morris Albert |
| collection | MIT |
| description | Short-run cost curves shift over time as depletion counters increasing knowledge. Under competition, a rightward (leftward) shift indicates lower (higher) cost and greater (lesser) productivity. A simple coefficient captures the slope, and its changes. USA crude oil productivity rose for many years, declined after 1972. In natural gas it can only be discerned since 1984, but has if anything increased. OPEC productivity rose greatly before 1970, reflecting greater plenty not scarcity; later years are not measurable. Non-OPEC productivity increased greatly after 1980. |
| first_indexed | 2024-09-23T09:27:27Z |
| format | Working Paper |
| id | mit-1721.1/45082 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T09:27:27Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/450822019-04-12T09:56:20Z Crude oil supply curves Adelman, Morris Albert Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Short-run cost curves shift over time as depletion counters increasing knowledge. Under competition, a rightward (leftward) shift indicates lower (higher) cost and greater (lesser) productivity. A simple coefficient captures the slope, and its changes. USA crude oil productivity rose for many years, declined after 1972. In natural gas it can only be discerned since 1984, but has if anything increased. OPEC productivity rose greatly before 1970, reflecting greater plenty not scarcity; later years are not measurable. Non-OPEC productivity increased greatly after 1980. Supported by the MIT Center for Energy and Environmental Policy Research. 2009-04-03T17:08:12Z 2009-04-03T17:08:12Z 1998 Working Paper 98008 http://hdl.handle.net/1721.1/45082 42695921 MIT-CEEPR (Series) ; 98-008WP. 7 p application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Adelman, Morris Albert Crude oil supply curves |
| title | Crude oil supply curves |
| title_full | Crude oil supply curves |
| title_fullStr | Crude oil supply curves |
| title_full_unstemmed | Crude oil supply curves |
| title_short | Crude oil supply curves |
| title_sort | crude oil supply curves |
| url | http://hdl.handle.net/1721.1/45082 |
| work_keys_str_mv | AT adelmanmorrisalbert crudeoilsupplycurves |