Publications: Notes at the Margin

Oil Markets in 2019 and 2020: No Feasible Solution? (February 4, 2019)


Economists, engineers, and executives seek to optimize. Often a linear program is the mathematical tool they use in the effort. Given a set of assumptions, the model will seek the combination of inputs that produces a set of outputs that achieve the user’s goal. However, everyone or almost everyone who has ever used the tool knows that occasionally the computer spits out this response: NO FEASIBLE SOLUTION. It is beginning to appear that the global oil market confronts such an outcome.


To request subscription information for Notes at the Margin, please Contact Us or send us an Information Request.