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Resource allocation in the energy sector of the United Kingdom is a difficult area to plan, because demand and supply projections need to embrace both the large private sector oil industry and the public sector fuel industries. In addition, relationships between the latter are complex as they...

This paper presents a critical assessment of the development of economic models of oil supply projection over the last two decades. The survey illustrates the fact that although most models have stressed the significance of the economic variables in the supply function, few attempts have been...

The authors begin by outlining a multi-scenario technique for coping with future uncertainty in assessments of the business environment for energy planning. The discussion then leads to a quantification of world energy demand under two exploratory scenarios, whose results are compared with...

There was no production of crude oil and natural gas in 1973. However, exploration and preparatory production work were well underway. The paper examines the impact within Scotland in 1973 of the expenditure required to supply these activities. The data used for the study are those contained in...