Three new probalistic assessments of oil resources by the United States Geological Survey and the United States Minerals Management Service result in an expansion of global remaining conventional world oil resource estimates. The new value used here is 3.3 trillion barrels; the comparable...

Can the economic theory of depletion be reconciled with low petroleum? This paper uses a revision of the theory, which reflects demand functions that rise in response to increasing world population and income. The magnitude of producers’ and consumers’ surplus is estimated under both...

Photovoltaic (PV) electricity has been widely supported as a remote energy source for developing countries. In response, the production and shipment of PV modules has steadily increased throughout the past decade, often marketed through the auspices of technology transfer and financed by...

This payer presents a model framework and results that combine resource depletion with optimal economic growth and climate change in a macro-geoeconomic model. In doing so, the authors build upon the 'n Nordhaus DICE model to include the demands for coal, oil, and natural gas. These demands...

Emissions of methane from bovine animals have been estimated elsewhere at approximately 60 million tons per year, 15% of global methane releases. This estimate is misleading for two reasons: it ignores the differences in atmospheric residence time between carbon dioxide and methane, and it...

Geologic estimates ofremainingglobalpetroleum resourcesplace about 50% in the Persian Gulf. Production costs are estimated at $5 per barrel there, and $15 per barrel in the North Sea andAlaska. Using mathematical methods derivedfrom depletion theory, the present...