Template-Type: ReDIF-Article 1.0
Author-Name:  Stephen G. Powell
Title:  The Target Capacity-Utilization Model of OPEC and the Dynamics of the World Oil Market
Classification-JEL: F0
Pages:  27-64
Volume:  Volume 11
Issue:  Number 1
Year:  1990
Abstract:  Modeling the world oil market became a widespread concern after the Arab oil embargo of 1973-74 and the resulting four-fold increase in the price of crude oil. By the late seventies, when the Energy Modeling Forum began its study of world oil models, at least thirty publicly available models were in existence. The pace of development of new models has slowed somewhat in the eighties, a result of reduced funding for energy studies and probably a better appreciation within the modeling community of the difficulties inherent in the activity.
Handle: RePEc:aen:journl:1990v11-01-a06
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1991
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