Category: Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Optimal Oil Production and the World Supply of Oil”

1. Iamthe50percent says:

   January 2, 2013 at 9:19 am

   After reading the Abstract, it seems that the paper is saying that profit is maximized if you restrict supply, which I thought was elementary economics. What am I missing.
2. howardoark says:

   January 2, 2013 at 11:26 am

   They’re looking at individual countries and isolating their decision making from the rest of the oil producing countries – how Norway could maximize its returns from its oil fields. They aren’t looking at every oil exporter joining OPEC.