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| Tekijä: | Goldstein, W. |
| Otsikko: | The supply and demand for oil in the 1990s: will the forecasters alone make money? |
| Lehti: | Energy Policy
1990 : SEP, VOL. 18:7, p. 593-595 |
| Asiasana: | OIL PRICES SUPPLY AND DEMAND OPEC |
| Kieli: | eng |
| Tiivistelmä: | The effort of the OPEC to limit the export quotas among its members failed again and the oil prices varied by 25 p.c. during the winter of 1989. While OPEC forecasts that its market share and reference price will rise in the 1990s, current trends indicate that oil demand is price elastic. Coal and gas consumption have risen at a faster pace then oil for two decades. Conservation efforts could reduce the dependence upon OPEC oil, and alternative fuel technologies could gain in popularity. However, Iraq's aggression against Kuwait has changed all projections. |
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