Oil demand and prices in the 1990s

Journal Article · Sun Jan 01 00:00:00 EST 1989 · Econ. Rev.; (United States)

OSTI ID:6178110

Brown, S P.A.; Phillips, K R

Current oil prices are too low to be sustained in the 1990s. The authors forecast that by the year 2000, the price of oil (in 1988 dollars) could reach $30 to $40 per barrel; adjusted for inflation, these prices are about 60 to 80% of the peak price established in early 1981. They find that during the 1980s a slow adjustment process, encouraged by OPEC actions, reduced oil demand and put downward pressure on prices. They expect reversal of that process in the 1990s will work, with world economic expansion to boost oil demand and prices. 10 references, 6 figures, 2 tables.

• Research Organization: Federal Reserve Bank of Dallas, TX (USA)
• OSTI ID: 6178110
• Journal Information: Econ. Rev.; (United States), Journal Name: Econ. Rev.; (United States)
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
PETROLEUM
DEMAND FACTORS
PRICES
ECONOMIC ANALYSIS
FORECASTING
OPEC
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
020700* - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum
290200 - Energy Planning & Policy- Economics & Sociology