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...

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Bibliographic Details

Published in:	Journal of Environmental Economics & Management Vol. 47; no. 2; pp. 388 - 410
Main Authors:	Managi, Shunsuke, Opaluch, James J., Jin, Di
Format:	Article
Published:	Academic Press Inc. March 2004
Subjects:	Petroleum industry Technological innovations Mathematical models Resource exploitation Petroleum Oil well drilling Gulf of Mexico
Online Access:	View this record in EBSCOhost