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World Crude Oil Resources: Evidence from Estimating Supply Functions for 41 Countries
Policy Research Working Papers, World Bank, 1999A gloomy outlook for non OPEC oil supply is unwarranted. Several countries are still expanding, others show no sign of declining supply, and even those contracting will continue to add to reserves.Evidence to support or deny expectations of future scarcity or abundance of crude oil must show whether crude oil supply functions are shifting and, if so, in what direction.
