skip to main content
OSTI.GOV title logo U.S. Department of Energy
Office of Scientific and Technical Information

Title: Crude oil prices: Why the experts are baffled

Journal Article · · World Oil; (United States)
OSTI ID:6511895

This paper reviews the history of oil well prices since the early 1980's and describes the causes for these dramatic rise and falls in prices over the years. It discusses the effects that supply and demand have had on the prices of oil. It then goes on to make predictions of the future oil prices resulting from production available from the new Commonwealth of Independent States (former Soviet Union) and the Saudi's projection production goals. Finally it discusses market predictions showing the lack of available excess production capacity should another oil crisis arise (such as the Kuwait/Iraq war) and the effects this would have on prices.

OSTI ID:
6511895
Journal Information:
World Oil; (United States), Vol. 214:2; ISSN 0043-8790
Country of Publication:
United States
Language:
English

Similar Records

Post Gulf War oil supply
Journal Article · · Turbomachinery International; (United States) · OSTI ID:6511895

Middle East: the cartel is weakened, but prices are holding. [Extensive survey of all drilling activities in Middle East oil-producing countries]
Journal Article · Fri Aug 15 00:00:00 EDT 1975 · World Oil; (United States) · OSTI ID:6511895

Analysis of OPEC price rises
Journal Article · Tue Jan 01 00:00:00 EST 1980 · Energy (Aust.); (United States) · OSTI ID:6511895