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Worldwide cheap and heavy oil productions: A long-term energy model

Dates

Year
2011

Citation

Renato, Guseo, 2011, Worldwide cheap and heavy oil productions: A long-term energy model: Energy Policy, v. 39, iss. 9, p. 5572-5577.

Summary

Crude oil, natural gas liquids, heavy oils, deepwater oils, and polar oils are non-renewable energy resources with increasing extraction costs. Two major definitions emerge: regular or ‘cheap’ oil and non-conventional or ‘heavy’ oil. Peaking time in conventional oil production has been a recent focus of debate. For two decades, non-conventional oils have been mixed with regular crude oil. Peaking time estimation and the rate at which production may be expected to decline, following the peak, are more difficult to determine. We propose a two-wave model for world oil production pattern and forecasting, based on the diffusion of innovation theories: a sequential multi-Bass model. Historical well-known shocks are confirmed, and new peaking [...]

Contacts

Author :
Renato, Guseo

Communities

  • Western Energy Citation Clearinghouse

Tags

Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 0301-4215

Citation Extension

journalEnergy Policy
parts
typePages
value5572-5577
typeVolume
value39
typeIssue
value9
citationTypeJournal Article

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