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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Abstract
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 |
| 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 ; Prices 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 |
| Item ID: | 8079 |
| Depositing User: | Graciela Chichilnisky |
| Date Deposited: | 04 Apr 2008 05:58 |
| Last Modified: | 27 Sep 2019 16:46 |
| 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. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/8079 |
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