X hits on this document

PDF document

Fundamental Economics of Depletable Energy Supply - page 24 / 30

91 views

0 shares

0 downloads

0 comments

24 / 30

Resources for the Future

Krautkraemer and Toman

unanticipated changes in extraction cost, interest rate, reserve discoveries, availability of backstop substitutes, and other factors figures prominently as a topic for future empirical research. The empirical evidence also indicates that the discovery of new deposits and technological progress in resource extraction and discovery have significantly mitigated the impacts of finite geological availability on the relative cost and supply of depletable energy resources. While the future holds promise with respect to the development of new substitutes for fossil energy and greater energy efficiency, improvements in extraction and exploration technologies that reduce costs and allow the economical use of lower-grade reserves also are likely to continue.

21

Document info
Document views91
Page views91
Page last viewedSun Dec 04 14:17:05 UTC 2016
Pages30
Paragraphs321
Words9050

Comments