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THE MODEL STRUCTURE
MODELING THE DEMAND FOR ENERGY
1 DATA SOURCES AND LIMITATIONS
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assumed assumption base-case BTUs capital-deficit group CDOP CM CM CM CM O O cm oi coal supply cost share crude oil CSEX demand adjustments demand for energy demand for OPEC developing countries discount rates economic growth energy consumption energy markets energy prices estimates final energy demand fossil fuels gasoline Griffin growth rates higher income elasticity industrial countries industrial sector interfuel substitution International Energy Agency JANZ Lag Structure long-term MBDOE metallurgical coal million b/d natural gas NOAM NOEX non-OPEC OECD OIDC oil-importing developing countries oo cm OOOO OPEC oil OPEC petroleum OPEC production parameters petroleum price petroleum products Pindyck PJAK present value price elasticity price increases price of petroleum pricing path primary energy demand projected regions remaining reserves residential sector scenario short-run simulation Table thermal coal translog transportation WEPM WEUR World Bank World Energy world primary energy