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.
OPEC at the Crossroads https://t.co/plmceBzfEr
Oxford Energy Podcast – Implications of the DG COMP investigation into Gazprom https://t.co/eGEsZZLHOD
Jonathan Stern on whether Germany should dump Nord Stream 2: It will be needed soon, even if not at the end of 2019… https://t.co/VS4lvpLM2h