| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7406890 | Energy Policy | 2012 | 6 Pages |
Abstract
⺠National and sectoral economic effects of peak oil until 2020 are modelled. ⺠The price elasticity of oil demand is low resulting in high price fluctuations. ⺠Oil shortage strongly affects transport and indirectly all other sectors. ⺠Global macroeconomic effects are comparable to the 2008/2009 crisis. ⺠Country effects depend on oil imports and productivity, and economic structures.
Keywords
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Christian Lutz, Ulrike Lehr, Kirsten S. Wiebe,