"Hybrid" models of oil and gas supply combine an econometric model of exploration activity with a geologic/engineering model of the discovery process. The advantages of such models over either purely econometric or purely geologic/engineering approaches are their recognition of the regularities...

In this paper we estimate the cost-effectiveness, in terms of reducing greenhouse gas emissions, of increasing the corporate average fuel economy (CAFE) standard to 38 miles per gallon and substituting methanol, compressed natural gas (CNG), and reformulated gasoline for conventional gasoline....

This paper examines the impacts on the US. oil market of a $5-per-barrel tariff on imported crude oil. The analysis shows that the United States currently is a price taker in the world oil market. This means that "optimal tariff" arguments for an oil import fee have no validity. The author also...

This article analyzes the costs and emissions characteristics of methanol vehicles. The cost-effectiveness of methanol-the cost per ton of reactive hydrocarbon emissions reduced-is calculated and compared to the cost-effectiveness of other hydrocarbon reduction strategies. Methanol is found to...