Our purpose in writing this paper is to relax two assumptions which dominate the theory of exhaustible resources and examine the implications for the stability of equilibrium. The first assumption postulates that a complete set of forward markets exists. The second postulates that asset and spot commodity markets clear instantaneously.
LNG in marine transport – is it about to become the environmentally-friendly fuel of choice? https://t.co/iN1e4pdLX7
OIES presentation quoted on impact of Iranian sanctions: oil market backdrop different with crude stocks below 5-ye… https://t.co/rwJaHHwzbk
OIES’s @thierry_bros on the need to move from oil to energy storage for the benefit of all - https://t.co/8yAzoF3pf4