The Economics of Petroleum Supply

The Economics of Petroleum Supply

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This book brings together his work, written over the past thirty years, on mineral depletion and the nature of monopoly in world oil.Saudi Arabia: development oil wells drilled Do., average wells Do., average depth USA: drilling cost per well depth interval 5-7, 000 ft (avg 6, 100) USA: adjustment for nondrilling costs Saudi investment in new oil production capacity 37 145 5, 555 ... -AGA. Reserves report 1978, pp. 24, 123. Includes associated- dissolved natural gas liquids, but no allowance for oil equivalent of associated- dissolved gas.

Title:The Economics of Petroleum Supply
Author:Morris Albert Adelman
Publisher:MIT Press - 1962


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