Matches in SemOpenAlex for { <https://semopenalex.org/work/W2017402561> ?p ?o ?g. }
Showing items 1 to 62 of
62
with 100 items per page.
- W2017402561 abstract "Abstract This paper presents an appraisal of the global upstream petroleum industry and its responsiveness to changes in crude oil prices from 1980–2006. Temporal and spatial analysis of E&P operational performance indicators suggests that the current estimated worldwide remaining reserves can sustain current worldwide production rate for at least the next four decades, ceteris paribus. Further, the study shows that for every one dollar drop in real crude oil price, 64 drilling rigs were disengaged, on average, from drilling activity globally from 1980–1989; and 50 of these 64 were disengaged in North America. Further, for every one dollar rise in real oil prices from 1999–2006, 24 and 29 new rigs were engaged in North America and worldwide, respectively. The study shows that global exploration activity responds asymmetrically to rising and declining real oil prices from 1980–2006. The study also shows that the impact of oil prices on global production has significant spatial and intertemporal differences as well. Introduction There are basically two schools of thought on the state of global petroleum supply outlook. The pessimists' school of thought contends that the question regarding world petroleum supply is not whether world oil production will decline, but when will the declining trends usher in the permanent world oil shock era? Those who belong to the second school of thought, however, are more optimistic. The consensus among them is that the world is not running out of oil but into it. The optimists affirm there is strong evidence to suggest a growing abundance of petroleum resources worldwide. They suggest that the pessimists' concerns for imminent petroleum resource exhaustion are unwarranted. Iledare and Pulsipher develops and uses selected indicators of operational performance of the upstream petroleum industry to empirically test the hypothesis of an imminent exhaustion of world petroleum resources. The authors conclude that the outlook for global oil supply from non-OPEC sources is not bright, but that in itself does not imply an inevitable end to an oil era. This paper reviews and analyzes selected global E&P activity and petroleum resource development indicators." @default.
- W2017402561 created "2016-06-24" @default.
- W2017402561 creator A5082207798 @default.
- W2017402561 date "2007-08-06" @default.
- W2017402561 modified "2023-10-17" @default.
- W2017402561 title "An Appraisal of the Global Petroleum Upstream Industry and Its Response to Changes in Crude Oil Prices" @default.
- W2017402561 doi "https://doi.org/10.2118/111901-ms" @default.
- W2017402561 hasPublicationYear "2007" @default.
- W2017402561 type Work @default.
- W2017402561 sameAs 2017402561 @default.
- W2017402561 citedByCount "2" @default.
- W2017402561 countsByYear W20174025612015 @default.
- W2017402561 countsByYear W20174025612017 @default.
- W2017402561 crossrefType "proceedings-article" @default.
- W2017402561 hasAuthorship W2017402561A5082207798 @default.
- W2017402561 hasConcept C127313418 @default.
- W2017402561 hasConcept C127413603 @default.
- W2017402561 hasConcept C144133560 @default.
- W2017402561 hasConcept C151730666 @default.
- W2017402561 hasConcept C162324750 @default.
- W2017402561 hasConcept C175605778 @default.
- W2017402561 hasConcept C191172861 @default.
- W2017402561 hasConcept C2987168347 @default.
- W2017402561 hasConcept C39432304 @default.
- W2017402561 hasConcept C526740375 @default.
- W2017402561 hasConcept C548895740 @default.
- W2017402561 hasConcept C76155785 @default.
- W2017402561 hasConcept C78762247 @default.
- W2017402561 hasConcept C87717796 @default.
- W2017402561 hasConcept C96375826 @default.
- W2017402561 hasConceptScore W2017402561C127313418 @default.
- W2017402561 hasConceptScore W2017402561C127413603 @default.
- W2017402561 hasConceptScore W2017402561C144133560 @default.
- W2017402561 hasConceptScore W2017402561C151730666 @default.
- W2017402561 hasConceptScore W2017402561C162324750 @default.
- W2017402561 hasConceptScore W2017402561C175605778 @default.
- W2017402561 hasConceptScore W2017402561C191172861 @default.
- W2017402561 hasConceptScore W2017402561C2987168347 @default.
- W2017402561 hasConceptScore W2017402561C39432304 @default.
- W2017402561 hasConceptScore W2017402561C526740375 @default.
- W2017402561 hasConceptScore W2017402561C548895740 @default.
- W2017402561 hasConceptScore W2017402561C76155785 @default.
- W2017402561 hasConceptScore W2017402561C78762247 @default.
- W2017402561 hasConceptScore W2017402561C87717796 @default.
- W2017402561 hasConceptScore W2017402561C96375826 @default.
- W2017402561 hasLocation W20174025611 @default.
- W2017402561 hasOpenAccess W2017402561 @default.
- W2017402561 hasPrimaryLocation W20174025611 @default.
- W2017402561 hasRelatedWork W1969051853 @default.
- W2017402561 hasRelatedWork W2021297549 @default.
- W2017402561 hasRelatedWork W2048586936 @default.
- W2017402561 hasRelatedWork W2055495511 @default.
- W2017402561 hasRelatedWork W2082657002 @default.
- W2017402561 hasRelatedWork W2212935832 @default.
- W2017402561 hasRelatedWork W2363504894 @default.
- W2017402561 hasRelatedWork W2561794823 @default.
- W2017402561 hasRelatedWork W2957828722 @default.
- W2017402561 hasRelatedWork W83526944 @default.
- W2017402561 isParatext "false" @default.
- W2017402561 isRetracted "false" @default.
- W2017402561 magId "2017402561" @default.
- W2017402561 workType "article" @default.