An analysis of oil supply disruption scenarios
This report brings the results of simulations of some oil supply disruptions on the M.I.T. Energy Laboratory Energy Macro Model. This model has previously been used to study the macroeconomic effects of the 1973-74 and 1979 oil price shocks, as well as for policy simula- -tions related to these hist...
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[Cambridge, Mass.] : Massachusetts Institute of Technology, Energy Laboratory, 1981
2011
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| Online Access: | http://hdl.handle.net/1721.1/60480 |
| Summary: | This report brings the results of simulations of some oil supply disruptions on the M.I.T. Energy Laboratory Energy Macro Model. This model has previously been used to study the macroeconomic effects of the 1973-74 and 1979 oil price shocks, as well as for policy simula- -tions related to these historical events (Mork and Hall, 1980a, 1980b, 1981). Recent extensions of the model allow it to be used for simulation of possible future oil supply disruptions, such as the loss of oil deliveries from Saudi Arabia or the entire Persian Gulf region. |
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