Chichilnisky, Graciela and Heal, Geoffrey (1984): The world oil market, past and future. Published in: The Columbia Journal of World Business , Vol. XIX, No. no. 7 (1984): pp. 47-55.
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Oil price behavior has changed dramatically in the last twenty years. These changes can be explained rather simply in terms of the delayed responses of supply and demand to prices, and in terms of changes in the rate of discovery of reserves. This analysis can be used to forecast possible future developments.
| Item Type: | MPRA Paper |
|---|---|
| Language: | English |
| Keywords: | oil; crude oil; oil market; prices; supply and demand; monopsony; OPEC; expectations; imports; exports; trade; Middle Eastern politics |
| Subjects: | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q41 - Demand and Supply Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q48 - Government Policy N - Economic History > N7 - Transport, International and Domestic Trade, Energy, Technology, and Other Services |
| ID Code: | 8079 |
| Deposited By: | Graciela Chichilnisky |
| Deposited On: | 04. Apr 2008 07:58 |
| Last Modified: | 04. Apr 2008 07:58 |
| References: | J. W. FORRESTER, Wolrd Dynamics, Wright Allen Press, 1971 D. H. MEADOWS et al, The Limits to Growth, Universe Books, New York and Earth Island Press, London, 1972. G. CHICHILNISKY, A. HERRARA, H. SCHOLNIK et al., Catastrophe or New Society, 1976, International Development Research Centre, Ottawa, Canada. |
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