... determined. Contrary to common expectation, it is shown that the EOR technology is more justifiable in the case of a lower price forecast. upstream oil & gas marginal cost energy economics portfolio high-price scenario exhaustible resource unconventional resource economics economic viability...

... Abstract This paper develops a decision-analytic model to value commodity price forecasts in the presence of futures markets. The method is applied to a data set on crude oil prices. We find that to be valuable, forecasts must be accurate at predicting both gains and losses...

... Abstract Conventional oil and gas price forecasts typically include pessimistic, most-likely, and optimistic cases in an attempt to quantify economic uncertainty. An analysis of forecasts presented by industry and governmental organizations illustrates that conventional forecasting methods...

... could develop, but price increases will not be as dramatic as the increases seen in 1973 and 1980. upward pressure economic growth price forecast price collapse growth rate upstream oil & gas demand analysis society of petroleum engineers spe 18916 oil price oil supply market...