The mirage of higher petroleum prices
Journal Article
·
· JPT, Journal of Petroleum Technology
OSTI ID:205543
- Massachusetts Inst. of Tech., Cambridge, MA (United States). Center for International Studies
Most petroleum industry price forecasters do not possess a record of which they can be proud. Long-term petroleum market forecasting has been so inaccurate that it has often been described as virtually impossible. To avoid criticism of their performance, many organizations no longer circulate their forecasts. Why have the forecasts been so wrong? Because of failure to predict supply. This paper reviews the erroneous methods used to predict price trends in the oil and gas industry and identifies methods to correct the problem.
- OSTI ID:
- 205543
- Journal Information:
- JPT, Journal of Petroleum Technology, Vol. 48, Issue 2; Other Information: PBD: Feb 1996
- Country of Publication:
- United States
- Language:
- English
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