气候变化领域集成服务门户(CCPortal): Modeling world oil market questions: An economic perspective

CCPortal

DOI	10.1016/j.enpol.2021.112606
	Modeling world oil market questions: An economic perspective
	Durand-Lasserve O.; Pierru A.
发表日期	2021
ISSN	0301-4215
卷号	159
英文摘要	The choice of a modeling approach is driven by the oil policy or market question that needs to be addressed. We provide the non-modeling community with insightful information on oil market models, shedding light on the economic interpretation of technical aspects (such as the meaning of the costs associated with certain types of constraints), but without introducing any mathematical formulations. We also emphasize the reasonings and assumptions underlying the modeling structures and solutions proposed in the literature. We first review how models have usually represented market fundamentals. We then examine recent modeling developments addressing market issues (such as the impact of the shale oil revolution and the shift in producers’ behavior) and policy questions (such as the use of spare capacity to stabilize prices, the lifting of export controls, and the management of uncertainties surrounding the energy transition) that have emerged since the Great Recession. Moreover, given that climate policies increase the interdependency of all energy markets, we discuss how long-term multi-fuel models produce scenarios for oil as part of the global energy mix. We also suggest ways to tackle questions not yet covered by the oil market modeling literature, such as the dependence of government budgets on oil revenues. © 2021 The Authors
英文关键词	Energy transition; Equilibrium models; Market structure; Oil price
语种	英语
scopus关键词	Budget control; Climate models; Commerce; Economic perspective; Energy transitions; Equilibrium modelling; Market model; Market structures; Modeling approach; Oil policy; Oil Prices; World oil markets; Uncertainty analysis; economic analysis; energy market; global perspective; governance approach; modeling; oil supply; oil trade; price dynamics; uncertainty analysis
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256495
作者单位	King Abdullah Petroleum Studies and Research Center (KAPSARC), PO Box 88550, Riyadh, 11672, Saudi Arabia
推荐引用方式 GB/T 7714	Durand-Lasserve O.,Pierru A.. Modeling world oil market questions: An economic perspective[J],2021,159.
APA	Durand-Lasserve O.,&Pierru A..(2021).Modeling world oil market questions: An economic perspective.Energy Policy,159.
MLA	Durand-Lasserve O.,et al."Modeling world oil market questions: An economic perspective".Energy Policy 159(2021).