Titlebook: Macroeconomic Prospects for a Small Oil Exporting Country; Olav Bjerkholt,Erik Offerdal Book 1985 Martinus Nijhoff Publishers, Dordrecht 1

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AMBI

Oil Discoveries, Intertemporal Adjustment and Public Policynt process to an oil-based economy and, where relevant, prepares for “re-entry” once the oil wells have run dry. The paper discusses to what extent public intervention is needed within the framwork of a two-sector, disequilibrium model. The analysis is focused on two issues. Firstly the possibility

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Modelling the Crude Oil Market. Oil Prices in the Long Termvelopment of world oil prices will be affected by uncertain economic factors and also by political choices. Attempts to forecast a single path for the oil price have not proved to be very useful. The paper outlines a very open model, where the model user can easily impose on the model different assu

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Norway’s Export of Natural Gas to the European Gas Market. Policy Issues and Model Toolsial attention paid to the role of Norway as a gas supplier. It reviews plans of a natural gas demand model and a gas trade model for the European gas market. The models suggested in this paper will be made operational through 1984 and 1985, and are intended to serve research purposes as well as admi

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Measuring the Consequences of the Take or Pay Clauses in Natural Gas Consuming Countries pay for it. This arrangement implies large risks on the buyer by committing him to buy fixed quantities of a product over a long horizon without prior knowledge of the price. Because of the uncertainty on the future price of natural gas, the take or pay clause is bound to induce surpluses or shorta

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Cost Structure and Profitability of North-Sea Oil and Gas Fieldsn costs. The paper gives a ranking of known fields according to per unit costs. The ranking is based on individual anticipated cost and production profiles available from Wood, MacKenzie. Incomes and “oil-rents” by field are also calculated under different assumptions of prices and costs. Finally, a

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