The Reason Why Actual Mining of Energy Mines Runs Counter to Optimal Exploitation Paths in China

The exploitation quantity of China’s fossil energy is increasing annually, which deviates from the optimal extraction path of the optimal exhaustible resource allocation model. Reverse way of thinking is applied in this paper, proceeding from China’s actual situation and searching for influencing factors of fossil energy supply, in order to probe into the cause for the conflicts of the theory and China’s realties. By using econometric method, the following conclusions have been drawn from the empirical studies:(1)The insignificant correlation between China’ fossil energy supply and price index is incompatible with the hypothesis of optimal exhaustible resource allocation theory.(2)The fact that the supply of fossil energy has yet to peak is incompatible with the goal of the optimal allocation in exhaustible resource.