Volcker versus Yamani: oil prices in decline
Journal Article
·
· Energy Booz-Allen; (United States)
OSTI ID:6953279
The author thinks oil prices could continue dropping despite efforts by Saudi Arabia to keep them at current levels. An overdue correction in oil pricing could be a factor, along with the worldwide economic recession, changes in the role of oil, tight US monetary policies, excessive stocks, changes in the world oil market, and OPEC's inability to control member output. The effects of the effects of each of these factors are reviewed, and it is concluded that oil prices could drop below $20 a barrel. History suggests that Saudi Arabia will not be able to make the production cuts to counteract this decline. 4 references, 6 figures. (DCK)
- OSTI ID:
- 6953279
- Journal Information:
- Energy Booz-Allen; (United States), Journal Name: Energy Booz-Allen; (United States) Vol. 4:1; ISSN EBALD
- Country of Publication:
- United States
- Language:
- English
Similar Records
World petroleum outlook: statement before the Committee on Energy and National Resources of the United States Senate. [Monograph]
Recession, high stocks help spur oil price drop
Can OPEC survive the glut. Research Memorandum No. 112
Book
·
Thu Dec 31 23:00:00 EST 1981
·
OSTI ID:5206586
Recession, high stocks help spur oil price drop
Journal Article
·
Mon May 10 00:00:00 EDT 1982
· Energy User News; (United States)
·
OSTI ID:5447362
Can OPEC survive the glut. Research Memorandum No. 112
Technical Report
·
Thu Oct 01 00:00:00 EDT 1981
·
OSTI ID:5696406