Accelerated Depletion:
Assessing Its Impacts on Domestic Oil and Natural Gas Prices and Production
 September 2000
In March 1999, the Energy Department's Office of Fossil Energy was approached by six petroleum trade association concerned that modeling forecaster may be underestimating the rate at which our domestic petroleum resources are being depleted. This would have the effect of making forecasts overly optimistic.
In response to this concern, the Fossil Energy Office asked the Energy Information Administration to explain how it simulated depletion in its national energy forecasting model and also to analyze an "accelerated depletion" scenario. This report is the result of the analyses.
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