Energy prices and resource depletion: Lessons from the case of whaling in the nineteenth century

Energy Sources, Part B: Economics, Planning and Policy

Volumn 2, Issue 3, 2007, Pages 297-304

  Bardi, U ^a,b  

^a UNIVERSITY OF FLORENCE   (Italy)

^b Association for the Study of Peak Oil

Author keywords

Crude oil; Energy prices; Hubbert; Whale oil

Indexed keywords

COSTS; INDUSTRIAL ECONOMICS; MINERAL RESOURCES; PETROLEUM INDUSTRY; PETROLEUM REFINING;

ENERGY PRICES; HUBBERT MODEL; WHALE OIL;

CRUDE PETROLEUM;

EID: 34548456435     PISSN: 15567249     EISSN: 15567257     Source Type: Journal    
DOI: 10.1080/15567240600629435     Document Type: Article

References (27)

1. Baker, C., and Clapham, P. J. 2004. Modeling the past and future of whales and whaling. Trends in Ecology and Evolution 19:1.
2. Bardi, U. 2005. The mineral economy: a model for the shape of oil production curves. Energy Policy 33:53-61.
3. Barnett, H., and Chandler, M. 1963. Scarcity and Growth: The Economics of Natural Resource Availability. Baltimore, MD: Johns Hopkins University Press.
4. Bentley, R. W. 2002. Oil and gas depletion; an overview. Energy Policy 30:189-205.
5. Campbell, C. 2003. The Essence of Oil and Gas Depletion. Multi Science Publishing Company Ltd.
6. Campbell, C., 2004. Private communication.
7. Campbell, C. J., and Laherrere, J. H. 1998. The end of cheap oil. Scientif. Amer. March:60-65.
8. Clay, C., and Wright, K. 2005. Order without law? Property rights during the California gold rush. Explorat. Econom. Hist. 42:155-183.
9. Coleman, J. L. 1995. The American whale oil industry: a look back to the future of the American petroleum industry. Non Renewable Resources. Oxford University Press, 4, pp. 273-288.
10. Conrad, J. M. 2003. Open access and extinction of the passenger pigeon in America. Available at: http://aem..cornell.edu/faculty_content/ Conrad_PassengerPigeons.pdf.
11. Davis, L. E., Gallman, R. E., and Gleiter, K. 1997. In Pursuit of the Leviathan. Chicago and London: The University of Chicago Press.
12. Deffeyes, K. S. 2001. Hubbert's Peak, the Impending World Oil Shortage. Princeton, NJ: Princeton University Press.
13. Deffeyes, K. S. 2004. Beyond Oil: The View from Hubbert's Peak. Princeton, NJ: Princeton University Press.
14. Hardin, G. 1968. The tragedy of the commons. Science 62:1243-1248.
15. Hotelling, H. 1931. The economics of exhaustible resources. J. Polit. Econom. 39:137-175.
16. Hubbert, M. K. 1962. Energy Resources, A Report to the Committee on Natural Resources. Nat. Res. Council Publication 1000-D. Washington DC: Natural Resource Council Publications, p. 54.
17. Lee, K. D. 2004. Petroleum, and the birth of an industry. Available at: http://www.che.utexas.edu/kenneth/petrol/
18. Livernois, J., Thille, H., and Zhang, H. 2006. A test of the hotelling rule using old-growth, timber data. Canadian Journal of Economics, Canadian Economics Association, February, 39(1):163-186.
19. Lotka, A. J. 1925. Elements of Physical Biology. Baltimore, MD: Williams & Wilkins Co.
20. Magoon, L. B. 2000. Are we running out of oil? U.S. Geological Survey Open-File Report 00-320. Available at: http://geopubs.wr.usgs.gov/open-file/ of00-320/of00-320.pdf
21. Reuveny, E., and Decker, C. S. 2000. Easter Island: Historical anecdote or warning for the future? Ecological Economics 35:271.
22. Sahr, R. 2004. Inflation conversion factors for dollars 1665 to estimated 2017. http://oregonstate.edu/cla/polisci/faculty/sahr/sahr.htm
23. Starbuck, A. 1878. History of the American Whale Fishery. Seacaucus, NJ, reprinted 1989, Castle Books.
24. Stevenson, J., and Cook, C. 1983. The Longman Handbook of Modern British History. Longman (Ed.). Longman Group United Kingdom, p. 135. Available at: http://www.makingthemodernworld.org.uk/learning_modules/history/ 04.TU.04/?section=10
25. Volterra, V. 1926. Fluctuations in the abundance of a species considered mathematically. Nature 118:558-560.
26. Wood, J., and Long, G. 2000. Long Term World Oil Supply: A. Resource Base/Production Path Analysis. Available at: http://www.eia.doe.gov/pub/ oil_gas/petroleum/presentations/2000/long_term_supply/index.htm
27. WTRG. 2004. Available at: www.wrtg.com