The Economic Feasibility of Shale Oil: An Activity Analysis

Ericsson, Neil R.; Morgan, Peter

doi:10.2307/3003593

Cited by 7 publications

(1 citation statement)

References 8 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Indeed, SASOL (South African Synthetic Oil Company) is making huge profits from present oil prices according to Thomas and Lünsche [2006] and even risks that the government levies a windfall profit tax on the company. On the other hand, the costs of alternatives have been consistently underestimated (e.g., Ericsson and Morgan [1978] argue that 15 million barrels per day or three quarters of present US consumption can be profitably produced from shale oil for an oil price of 1975, $18 per barrel) and many alternatives seem to have a tendency to remain above the oil price no matter what the oil price level is. A recent survey in The Economist [2006] lists the costs of backstops at $40 for tar sands, coal to liquids, and for the Brazilian ethanol program; $50 for shale oil; $60 US corn‐based ethanol; $80 for biodiesel.…”

Section: Introductionmentioning

confidence: 99%

Intertemporal Investments Into Synfuels

Wirl

2008

Natural Resource Modeling

View full text Add to dashboard Cite

This paper considers the interactions of consumers demanding energy services provided by fossil fuels delivered by a cartel and a synfuel industry (competitive, cartelized or run by a consumer cartel, say International Energy Agency [IEA]). The emphasis of this paper is to account for the necessarily sluggish build up capacities instead of the instantaneous unconstrained availability assumed in the backstop literature and to investigate intertemporal and subgame perfect equilibria (in Markov strategies).

show abstract

Section: Introductionmentioning

confidence: 99%