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Déjà vu all over again: another oil price fiasco

Abstract:

It appears to us that the current oil market situation has a familiar and disheartening ring. In September 1986, we presented an analysis to the Oxford Energy Seminar in which we estimated the high cost of a decision taken by OPEC to pursue market share rather than defend a target price. This analysis later appeared in a book, The Oil Price Crisis, edited by Robert Mabro. (Quotations in this article are taken from this book.) In November 2014, OPEC oil ministers again faced a similar choice: ...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher:
Oxford Institute for Energy Studies Publisher's website
Journal:
Oxford Energy Forum
Volume:
100
Pages:
22-25
Publication date:
2015-01-05
ISSN:
0959-7727
Language:
English
Keywords:

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