The prospects for oil prices: Revisited

Journal Article · Wed Jan 01 04:00:00 EST 1986 · Annu. Rev. Energy; (United States)

DOI:https://doi.org/10.1146/annurev.eg.11.110186.002501· OSTI ID:6991307

Gately, D

This article reviews recent and current opinions about prospects for prices in the world market for crude oil. Two alternative views are examined: 1. the present oil glut and softness in the market is temporary, and by the 1990s the real price of oil well begin to rise again; and 2. the changes we have witnessed in the past five years - in oil demand, in non-OPEC supply, and in the power of the Organization of Petroleum-Exporting Countries (OPEC) - are permanent and irreversible. Oil will be in excess supply more or less indefinitely.

• Research Organization: Economics Dept., New York Univ., 269 Mercer Street, New York, NY 10003
• OSTI ID: 6991307
• Journal Information: Annu. Rev. Energy; (United States), Journal Name: Annu. Rev. Energy; (United States) Vol. 11; ISSN AREND
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ENERGY SOURCES
ENERGY SURPLUSES
FORECASTING
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INDUSTRY
INTERNATIONAL ORGANIZATIONS
MARKET
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PETROLEUM INDUSTRY
PRICES
SUPPLY AND DEMAND