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Marine Resource Economics >
Volume 19, Number 3, 2004 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/28253
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| Title: | FORECASTING ENERGY SUPPLY AND POLLUTION FROM THE OFFSHORE OIL AND GAS INDUSTRY |
| Authors: | Managi, Shunsuke
Opaluch, James J.
Jin, Di
Grigalunas, Thomas A. |
| Authors (Email): | Managi, Shunsuke (managi@cc.tuat.ac.jp)
Opaluch, James J. (jimo@uri.edu)
Jin, Di (djin@whoi.edu)
Grigalunas, Thomas A. (grig@uri.edu) |
| Keywords: | Forecasting
energy supply
R&D
technological change
environmental regulations
environmental pollution
offshore oil
gas industry |
| JEL Codes: | D24
L71
Q32
Q48 |
| Issue Date: | 2004 |
| Abstract: | Sound energy and environmental policies require reliable forecasts of production and pollution, as well as supply response to policy actions. In this study, we describe a model for forecasting long-term production and pollution in the offshore oil and gas industry in the Gulf of Mexico under different scenarios. A model based on disaggregated field-level data is used to forecast production and pollution through to the year 2050. The time path for resource depletion is determined as the net effect of technological progress and depletion under alternative scenarios for new discoveries. We also quantify potential efficiencies that could result from changing the design of regulations from the current command-and-control regime, to an approach that allows more flexible means of achieving the same environmental goals. |
| URI: | http://purl.umn.edu/28253 |
| Institution/Association: | Marine Resource Economics>Volume 19, Number 3, 2004 |
| Total Pages: | 26 |
| Language: | English |
| From Page: | 307 |
| To Page: | 332 |
| Collections: | Volume 19, Number 3, 2004
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| 19030307.pdf | 235Kb | PDF | View/Open |
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