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|
|Original Title:||The world oil market, past and future|
|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, Trade, Energy, Technology, and Other Services
|Depositing User:||Graciela Chichilnisky|
|Date Deposited:||04. Apr 2008 05:58|
|Last Modified:||21. Feb 2013 08:06|
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