Crude oil prices-the direction

Journal Article · Tue May 01 04:00:00 EDT 1984 · J. Pet. Technol.; (United States)

DOI:https://doi.org/10.2118/11314-PA· OSTI ID:5250253

Roberts, M L

This article predicts that real crude prices should remain stable or decrease through the mid-1980's, and then increase at a rate equal to or less than inflation. It is assumed that free-world energy demand will be down by about 5% during the period. The forecast suggests that supplies from OPEC will amount to about 68% of their productive capacity. It is concluded that current uncertainties associated with conservation, substitution, efficiency, and the general economic climate raise serious questions as to what the level of demand for petroleum products will be when the western world regains its economic momentum after the current recession.

• Research Organization: The Lehman Management Co.
• OSTI ID: 5250253
• Journal Information: J. Pet. Technol.; (United States), Journal Name: J. Pet. Technol.; (United States) Vol. 36:5; ISSN JPTJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002 -- Energy Planning & Policy-- Petroleum
ECONOMICS
ENERGY CONSERVATION
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUEL SUBSTITUTION
FUELS
INFLATION
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PETROLEUM PRODUCTS
PRICES
SUPPLY AND DEMAND