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Crude oil and natural gas supplies and demands for Denmark

Author

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  • Mackay, R. M.
  • Probert, S. D.

Abstract

A novel technique for forecasting the supply and extraction life-cycles of a depleting fossil fuel resource has been developed. The supply side utilises a [`]skewed-normal production-profile' model that yields a better representation than earlier approaches. A simple model for extrapolating crude oil and natural gas demands has also been devised: it is based on the so-called [`]modified logit function'. The predicted crude oil and natural gas balances, for the period up to 2010, indicate the disparities between the rates of indigenous production and future consumption for Denmark. These forecasts depend on the present estimates of the remaining crude oil and natural gas reserves. It will consequently be necessary to revise periodically the present projection as more reliable reserves estimates become available.

Suggested Citation

  • Mackay, R. M. & Probert, S. D., 1995. "Crude oil and natural gas supplies and demands for Denmark," Applied Energy, Elsevier, vol. 50(3), pages 209-232.
    • Handle: RePEc:eee:appene:v:50:y:1995:i:3:p:209-232
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    References listed on IDEAS

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    1. Mackay, R.M. & Probert, S.D., 1994. "Skewed-normal production-profile model and reverse-projection technique for resource and supply predictions," Applied Energy, Elsevier, vol. 49(4), pages 343-367.
    2. Mackay, R. M. & Probert, S. D., 1995. "Crude oil and natural gas supplies and demands up to the year 2010 for France," Applied Energy, Elsevier, vol. 50(3), pages 185-208.
    3. Mackay, R.M. & Probert, S.D., 1994. "Modified logit-function demand model for predicting national crude-oil and natural-gas consumptions," Applied Energy, Elsevier, vol. 49(1), pages 75-90.
    4. Mackay, R.M. & Probert, S.D., 1994. "Crude-oil and natural-gas supplies and demands up to ad 2010 for the unified germany," Applied Energy, Elsevier, vol. 49(3), pages 255-274.
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    Cited by:

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    3. Narayan, Paresh Kumar & Liu, Ruipeng, 2011. "Are shocks to commodity prices persistent?," Applied Energy, Elsevier, vol. 88(1), pages 409-416, January.
    4. Maïzi, Nadia & Assoumou, Edi, 2014. "Future prospects for nuclear power in France," Applied Energy, Elsevier, vol. 136(C), pages 849-859.
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    6. Berk, Istemi & Ediger, Volkan Ş., 2016. "Forecasting the coal production: Hubbert curve application on Turkey's lignite fields," Resources Policy, Elsevier, vol. 50(C), pages 193-203.

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