Oil price scenarios: 1989 and 1995

Journal Article · Thu Jan 01 04:00:00 EST 1987 · Strategic Plan. Energy Manage.; (United States)

OSTI ID:6208339

Gholam-Nezhad, H

The predictions made in this article show a 52 percent increase in oil prices between 1986 and 1989 and 138 percent increase between 1986 and 1995. Considering OPEC's weighted average price of $15 per barrel of oil at the time of these computations, these percentages amount to the following ''real'' price of oil by 1989 and 1995 (1986 dollar value): $22.80 by 1989 and $35.70 by 1995. One should note that even by 1995 real oil prices would be lower than what they were in 1980. However, in an extreme situation when a supply crisis is triggered off by a political event in the Middle East or elsewhere in the world, we could see skyrocketing prices in the spot market.

• Research Organization: Energy Research Institute, Moorhead State Univ., Moorhead, MN
• OSTI ID: 6208339
• Journal Information: Strategic Plan. Energy Manage.; (United States), Journal Name: Strategic Plan. Energy Manage.; (United States) Vol. 7:1; ISSN SPEME
• 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
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INSTITUTIONAL FACTORS
INTERNATIONAL ORGANIZATIONS
MARKET
MIDDLE EAST
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
POLITICAL ASPECTS
PRICES
SPOT MARKET
SUPPLY DISRUPTION