nep-cis 2017-08-20 papers

on Confederation of Independent States

Issue of 2017‒08‒20
one paper chosen by
Alexander Harin
Modern University for the Humanities

Oil economy phase plot: a physical analogy By Luciano Celi; Claudio Della Volpe; Luca Pardi; Stefano Siboni

Oil economy phase plot: a physical analogy

By:	Luciano Celi; Claudio Della Volpe; Luca Pardi; Stefano Siboni
Abstract:	A phase plot of the oil economy is built using the literature data of world oil production, price, and EROEI (Energy Returned on Energy Invested). An analogy between the oil economy and the Benard convection is proposed; some methods of interpretation and forecast of the system behavior are also shown based on "phase portrait" using as main variables the price, production and EROEI values. A scenery is proposed on this basis.
Date:	2017–08
URL:	http://d.repec.org/n?u=RePEc:arx:papers:1708.03533&r=cis

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