$34 question: whither OPEC now

Journal Article · Mon Mar 14 04:00:00 EST 1983 · Energy Dly.; (United States)

OSTI ID:6207849

Netschert, B

In excerpts from his speech to Canadian oil and gas executives at the Fourth Crossborder Seminar in Alberta, Netschert reassesses the world oil market and OPEC's future in light of the reversal of earlier predictions that the cartel's high price trends would endure. Forecasters now disagree on what will happen next, but Netschert sees the rate of growth in oil demand as the crucial factor in both the short and long term. He sees the crisis of a price war as having already passed, leaving economic recovery underway. The recovery will help to firm prices, but the pace of that firming will depend on the strength of the recovery. He stresses the importance of technical cooperation between the US and Canada and of the long-term prospects for discoveries and production in frontier areas. Saudi Arabia's price and production policies will be a major factor in how well OPEC avoids repeating the difficulties following the 1979 price increases. (DCK)

• Research Organization: National Economic Research Associates, Inc., Washington, DC
• OSTI ID: 6207849
• Journal Information: Energy Dly.; (United States), Journal Name: Energy Dly.; (United States) Vol. 11:49; ISSN ENDAD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
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29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
COOPERATION
DEMAND FACTORS
ECONOMIC ELASTICITY
ENERGY POLICY
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INTERNATIONAL COOPERATION
INTERNATIONAL ORGANIZATIONS
MARKET
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM