@techreport{publications22396, volume = {16-701}, month = {September}, author = {Aude Illig and Ian Schindler}, series = {TSE Working Paper}, booktitle = {TSE Working Paper}, type = {Working Paper}, address = {Toulouse}, title = {Oil Extraction and Price Dynamics}, publisher = {TSE Working Paper}, year = {2016}, institution = {Universit{\'e} Toulouse 1 Capitole}, url = {https://publications.ut-capitole.fr/id/eprint/22396/}, abstract = {We use the dynamic production function identities and an empirical model of oil prices based only on oil extraction data to analyze the dynamics of oil prices as we transition into the contraction phase of oil extraction. We explore the implications with respect to several common scenarios.} }