Review Article

A New Theory to Forecast the Price of Nonrenewable Energy Resources with Mass and Energy-Capital Conservation Equations

Table 4

Price trends to of selling resources, , extracted resources, , and difference for a rate of extraction , .

Extraction rate:
,
,
Initial condition or Selling resources, (∞)Extracted resources, (∞) Price difference (∞)
+0

, , ( ) +∞
+∞ (Min)
0
−∞

, , , +∞
0
−∞ (Max)
−∞

, , , +∞
−∞

, , , +∞
+∞ (Min)
0
−∞

, , ( ) ( ) ( )

, Every 0 (Min)
Every 0

0 (Min)

, ( ) 0
0 (Max)
0

, ( ) 0
0

, Every 0

, 0 (Min)
Every 0 (Min)