Impacts of Selected Price Policies on the Discovery and Extraction of Crude Oil

Angelos Pagoulatos, David Debertin () and Emilio Pagoulatos

No 158511, Staff Papers from University of Kentucky, Department of Agricultural Economics

Abstract: This paper develops an econometric model of petroleum discovery and extraction. Impacts of three selected price policies for petroleum are analyzed with the model. Higher oil prices do encourage additional domestic oil exploration and extraction.

Keywords: Demand and Price Analysis; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 14
Date: 1978-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ukysps:158511

DOI: 10.22004/ag.econ.158511

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