The Target Capacity-Utilization Model of OPEC and the Dynamics of the World Oil Market

Stephen G. Powell

The Energy Journal, 1990, vol. Volume 11, issue Number 1, 27-64

Abstract: Modeling the world oil market became a widespread concern after the Arab oil embargo of 1973-74 and the resulting four-fold increase in the price of crude oil. By the late seventies, when the Energy Modeling Forum began its study of world oil models, at least thirty publicly available models were in existence. The pace of development of new models has slowed somewhat in the eighties, a result of reduced funding for energy studies and probably a better appreciation within the modeling community of the difficulties inherent in the activity.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.iaee.org/en/publications/ejarticle.aspx?id=1991 (text/html)
Access to full text is restricted to IAEE members and subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aen:journl:1990v11-01-a06

Ordering information: This journal article can be ordered from
http://www.iaee.org/en/publications/ejsearch.aspx

Access Statistics for this article

More articles in The Energy Journal from International Association for Energy Economics Contact information at EDIRC.
Bibliographic data for series maintained by David Williams ().