Technological change and depletion in offshore oil and gas.
This paper tests the hypothesis that technological change has offset depletion for offshore oil and gas production in the Gulf of Mexico using a unique microlevel data set from 1947-1998. The study supports the hypothesis that technological progress has mitigated depletion effects for our case study...
| Publicado en: | Journal of Environmental Economics & Management Vol. 47; no. 2; pp. 388 - 410 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Academic Press Inc.
March 2004
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=513167997&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 513167997 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00950696 EEM jtl: Journal of Environmental Economics & Management issn: 00950696 maglogo: N pubinfo: dt: March 2004 vid: 47 iid: 2 pid: 735 pub: Academic Press Inc. artinfo: ui: 513167997 10.1016/S0095-0696(03)00093-7 ppf: 388 ppct: 22 formats: tig: atl: Technological change and depletion in offshore oil and gas. aug: au: Managi, Shunsuke Opaluch, James J. Jin, Di su: Petroleum industry Technological innovations Mathematical models Resource exploitation Petroleum Oil well drilling Gulf of Mexico sug: subj: Gulf of Mexico Petroleum industry Technological innovations Mathematical models Resource exploitation Petroleum Oil well drilling ab: This paper tests the hypothesis that technological change has offset depletion for offshore oil and gas production in the Gulf of Mexico using a unique microlevel data set from 1947-1998. The study supports the hypothesis that technological progress has mitigated depletion effects for our case study, but the pattern differs from the conventional wisdom for nonrenewable resource industries. Contrary to the usual assumptions of monotonic changes in productivity or an inverted “U”shaped pattern, we found that productivity declined for the first 30 years of our study period. But more recently, the rapid pace of technological change has outpaced depletion and productivity has increased rapidly, particularly in most recent 5 years of our study period. We also provide a more thorough understanding of different components of technological change and depletion. Copyright (c) 2003 Elsevier (USA) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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