Potential Impact of Unconventional Oil Resources on Major Oil-Producing Countries: Scenario Analysis with the ACEGES Model

Verfasser / Beitragende:
[Ken'ichi Matsumoto, Vlasios Voudouris]
Ort, Verlag, Jahr:
2015
Enthalten in:
Natural Resources Research, 24/1(2015-03-01), 107-119
Format:
Artikel (online)
ID: 605538735
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024 7 0 |a 10.1007/s11053-014-9246-8  |2 doi 
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245 0 0 |a Potential Impact of Unconventional Oil Resources on Major Oil-Producing Countries: Scenario Analysis with the ACEGES Model  |h [Elektronische Daten]  |c [Ken'ichi Matsumoto, Vlasios Voudouris] 
520 3 |a The role of unconventional oil is increasing in global energy markets. Although conventional oil is being depleted, unconventional oil might manage or eliminate supply constraints in meeting the demand for oil without large positive step changes in the prices. In this study, we use the ACEGES model, which is agent-based, to explore the potential impact of unconventional oil on the evolution of the oil markets, focusing on four important oil-producing countries. We also use quantile sheets to summarize the simulation results. Given the estimated potential of conventional and unconventional resources, the results suggest that the production profiles will change tremendously. Although countries rich in conventional oil, such as Saudi Arabia and Iran, will still occupy the global oil markets for approximately the first half of this century, oil production in countries with rich unconventional resources, such as Canada and Venezuela, will be higher in production than Saudi Arabia and Iran from 2050 to 2060. This change in production means that the market power in the global oil markets will shift from Middle Eastern countries to Canada and Venezuela in this century. 
540 |a International Association for Mathematical Geosciences, 2014 
690 7 |a Unconventional oil  |2 nationallicence 
690 7 |a Resource depletion  |2 nationallicence 
690 7 |a Uncertainties  |2 nationallicence 
690 7 |a Scenario analysis  |2 nationallicence 
690 7 |a ACEGES  |2 nationallicence 
700 1 |a Matsumoto  |D Ken'ichi  |u School of Environmental Science, The University of Shiga Prefecture, 2500 Hassaka, 522-8533, Hikone, Shiga, Japan  |4 aut 
700 1 |a Voudouris  |D Vlasios  |u Research Centre for Energy Management, ESCP Europe Business School, 527 Finchley Road, NW3 7BG, London, UK  |4 aut 
773 0 |t Natural Resources Research  |d Springer US; http://www.springer-ny.com  |g 24/1(2015-03-01), 107-119  |x 1520-7439  |q 24:1<107  |1 2015  |2 24  |o 11053 
856 4 0 |u https://doi.org/10.1007/s11053-014-9246-8  |q text/html  |z Onlinezugriff via DOI 
898 |a BK010053  |b XK010053  |c XK010000 
900 7 |a Metadata rights reserved  |b Springer special CC-BY-NC licence  |2 nationallicence 
908 |D 1  |a research-article  |2 jats 
949 |B NATIONALLICENCE  |F NATIONALLICENCE  |b NL-springer 
950 |B NATIONALLICENCE  |P 856  |E 40  |u https://doi.org/10.1007/s11053-014-9246-8  |q text/html  |z Onlinezugriff via DOI 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Matsumoto  |D Ken'ichi  |u School of Environmental Science, The University of Shiga Prefecture, 2500 Hassaka, 522-8533, Hikone, Shiga, Japan  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Voudouris  |D Vlasios  |u Research Centre for Energy Management, ESCP Europe Business School, 527 Finchley Road, NW3 7BG, London, UK  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Natural Resources Research  |d Springer US; http://www.springer-ny.com  |g 24/1(2015-03-01), 107-119  |x 1520-7439  |q 24:1<107  |1 2015  |2 24  |o 11053