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An Economic Analysis Of Aspects Of Petroleum And Military Security In The Persian Gulf

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  • Chapman, Duane
  • Khanna, Neha

Abstract

Geologic estimates of remaining global petroleum resources place about 50% in the Persian Gulf. Production costs are estimated at $5 per barrel there, and $15 per barrel in the North Sea and Alaska. Using mathematical methods derived from depletion theory is utilized to explain the $15-$20 per barrel price band that existed from 1986 to 1999. New economic forces have displaced this previously stable pattern; a new price range of $22-to $28 may be emerging. International trade in petroleum and conventional weapons are analyzed with econometric methods; the occurrence of nuclear weapons capability in the Persian Gulf region is explored.

Suggested Citation

  • Chapman, Duane & Khanna, Neha, 2000. "An Economic Analysis Of Aspects Of Petroleum And Military Security In The Persian Gulf," Working Papers 7229, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudawp:7229
    DOI: 10.22004/ag.econ.7229
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    References listed on IDEAS

    as
    1. D. Chapman & N. Khanna, 2000. "World oil: the growing case for international policy," Contemporary Economic Policy, Western Economic Association International, vol. 18(1), pages 1-13, January.
    2. Basu, Arnab K. & Chau, Nancy H. & Grote, Ulrike, 2000. "Guaranteed Manufactured Without Child Labor," Working Papers 179542, Cornell University, Department of Applied Economics and Management.
    3. M. A. Adelman, 1986. "The Competitive Floor to World Oil Prices," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 9-31.
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    Cited by:

    1. Duane Chapman & Neha Khanna, 2006. "The Persian Gulf, Global Oil Resources, And International Security," Contemporary Economic Policy, Western Economic Association International, vol. 24(4), pages 507-519, October.
    2. Slaibi, Ahmad & Chapman, Duane & Daouk, Hazem, 2005. "An Econometric Evaluation of A Geopolitical Theory of Oil Price Behavior," Working Papers 127131, Cornell University, Department of Applied Economics and Management.
    3. Khalid Kisswani, 2014. "OPEC and political considerations when deciding on oil extraction," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 38(1), pages 96-118, January.
    4. Chapman, Duane, 2001. "A Review of the New Undiscovered Conventional Crude Oil Resource Estimates and their Economic and Environmental Implications," Working Papers 127669, Cornell University, Department of Applied Economics and Management.
    5. Chapman, Duane, 2001. "A Review of the New Undisclosed Conventional Crude Oil Resource Estimates and their Economic and Environmental Implications," Working Papers 179573, Cornell University, Department of Applied Economics and Management.
    6. Hui, Cho-Hoi & Lo, Chi-Fai & Cheung, Chi-Hin & Wong, Andrew, 2020. "Crude oil price dynamics with crash risk under fundamental shocks," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    7. Neha Khanna & Duane Chapman, 2010. "Guns And Oil: An Analysis Of Conventional Weapons Trade In The Post‐Cold War Era," Economic Inquiry, Western Economic Association International, vol. 48(2), pages 434-459, April.
    8. Bharati, Rakesh & Crain, Susan J. & Kaminski, Vincent, 2012. "Clustering in crude oil prices and the target pricing zone hypothesis," Energy Economics, Elsevier, vol. 34(4), pages 1115-1123.

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