GOVERNMENT PRICE POLICIES AND THE AVAILABILITY OF CRUDE OIL

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dc.creatorPagoulatos, Angelos
dc.creatorDebertin, David L.
dc.creatorPagoulatos, Emilio
dc.date2017-04-01T19:26:19Z
dc.date.accessioned2026-07-09T04:16:58Z
dc.descriptionThis study examines the effects of price incentives on the availability of petroleum. Expected sustained higher crude oil prices to domestic producers constitute an incentive to increase both exploratory drilling and secondary and tertiary recovery of oil as well as production out of reserves. Reserve-production ratios tend to fall under high prices. Equalization of the domestic price to the real world price would make the U.S. self sufficient within a six year period. Constant prices result in no new additions to reserves after a five year period and very low production levels. Imports reach sixty-five percent of domestic consumption.
dc.identifierdoi:10.22004/ag.econ.32406
dc.identifierhttps://ageconsearch.umn.edu/record/32406/files/03010059.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/32406
dc.identifier.urihttp://hdl.handle.net/123456789/547573
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/32406
dc.titleGOVERNMENT PRICE POLICIES AND THE AVAILABILITY OF CRUDE OIL
dc.typeText

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