Stranded oil of Erewhon

Robert Cairns

Energy Policy, 2018, vol. 121, issue C, 248-251

Abstract: Recently, there has been an expression of concern that vast quantities of oil must remain in the ground because of anticipated action on climate change. A consequent fall in share values of international oil companies may threaten pensions, small investments and even the stability of the financial system. The threat is held to warrant policy intervention to provide more information to small investors. Consideration of the technology of oil extraction and of the options available to oil companies suggests that there is little basis for the concern.

Keywords: Stranded asset; Sunk asset; Climatic change; Natural decline; Options (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301421518304208
Full text for ScienceDirect subscribers only

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:eee:enepol:v:121:y:2018:i:c:p:248-251

DOI: 10.1016/j.enpol.2018.06.032

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().