How Long to Read The Future of Oil

How Long Does it Take to Read The Future of Oil?

It takes the average reader 3 hours and 8 minutes to read The Future of Oil by Marcelle Chauvet

Assuming a reading speed of 250 words per minute. Learn more

Description

We discuss and reconcile two diametrically opposed views concerning the future of world oil production and prices. The geological view expects that physical constraints will dominate the future evolution of oil output and prices. It is supported by the fact that world oil production has plateaued since 2005 despite historically high prices, and that spare capacity has been near historic lows. The technological view of oil expects that higher oil prices must eventually have a decisive effect on oil output, by encouraging technological solutions. It is supported by the fact that high prices have, since 2003, led to upward revisions in production forecasts based on a purely geological view. We present a nonlinear econometric model of the world oil market that encompasses both views. The model performs far better than existing empirical models in forecasting oil prices and oil output out of sample. Its point forecast is for a near doubling of the real price of oil over the coming decade. The error bands are wide, and reflect sharply differing judgments on ultimately recoverable reserves, and on future price elasticities of oil demand and supply.

How long is The Future of Oil?

The Future of Oil by Marcelle Chauvet is 185 pages long, and a total of 47,175 words.

This makes it 62% the length of the average book. It also has 58% more words than the average book.

How Long Does it Take to Read The Future of Oil Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 17 minutes to read The Future of Oil aloud.

What Reading Level is The Future of Oil?

The Future of Oil is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Future of Oil?

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