The Outlook for Future Oil Prices
Forecasters of prices on the oil market have been proven wrong in predicting greatly increased prices over the last few years, despite clear signs that reduced consumption due to conservation measures, and an increasing resource base indicated the price would not rise dramatically. Present predictio...
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Language: | English |
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1983
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Online Access: | http://dx.doi.org/10.1177/014459878300200205 http://journals.sagepub.com/doi/pdf/10.1177/014459878300200205 |
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crsagepubl:10.1177/014459878300200205 2023-05-15T15:03:30+02:00 The Outlook for Future Oil Prices Netschert, Bruce C. 1983 http://dx.doi.org/10.1177/014459878300200205 http://journals.sagepub.com/doi/pdf/10.1177/014459878300200205 en eng SAGE Publications http://journals.sagepub.com/page/policies/text-and-data-mining-license Energy Exploration & Exploitation volume 2, issue 2, page 133-142 ISSN 0144-5987 2048-4054 Energy Engineering and Power Technology Fuel Technology Nuclear Energy and Engineering Renewable Energy, Sustainability and the Environment journal-article 1983 crsagepubl https://doi.org/10.1177/014459878300200205 2022-04-14T04:52:51Z Forecasters of prices on the oil market have been proven wrong in predicting greatly increased prices over the last few years, despite clear signs that reduced consumption due to conservation measures, and an increasing resource base indicated the price would not rise dramatically. Present predictions range from a price collapse to the belief that, despite present trends, the price will rise as economic conditions improve. The author proposes that, after regaining the Saudi marker value of $34/barrel, possibly by 1986, due to steadily increased demand resulting from improved economic conditions, the price will stabilize in real terms, as reduced national oil dependency and improved energy efficiency continue to moderate demand. On the supply side, both in OPEC oil producing countries and elsewhere in the frontier areas such as the Arctic and China Sea, geological potential for undiscovered oil reserves is good. Article in Journal/Newspaper Arctic SAGE Publications (via Crossref) Arctic Energy Exploration & Exploitation 2 2 133 142 |
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Open Polar |
collection |
SAGE Publications (via Crossref) |
op_collection_id |
crsagepubl |
language |
English |
topic |
Energy Engineering and Power Technology Fuel Technology Nuclear Energy and Engineering Renewable Energy, Sustainability and the Environment |
spellingShingle |
Energy Engineering and Power Technology Fuel Technology Nuclear Energy and Engineering Renewable Energy, Sustainability and the Environment Netschert, Bruce C. The Outlook for Future Oil Prices |
topic_facet |
Energy Engineering and Power Technology Fuel Technology Nuclear Energy and Engineering Renewable Energy, Sustainability and the Environment |
description |
Forecasters of prices on the oil market have been proven wrong in predicting greatly increased prices over the last few years, despite clear signs that reduced consumption due to conservation measures, and an increasing resource base indicated the price would not rise dramatically. Present predictions range from a price collapse to the belief that, despite present trends, the price will rise as economic conditions improve. The author proposes that, after regaining the Saudi marker value of $34/barrel, possibly by 1986, due to steadily increased demand resulting from improved economic conditions, the price will stabilize in real terms, as reduced national oil dependency and improved energy efficiency continue to moderate demand. On the supply side, both in OPEC oil producing countries and elsewhere in the frontier areas such as the Arctic and China Sea, geological potential for undiscovered oil reserves is good. |
format |
Article in Journal/Newspaper |
author |
Netschert, Bruce C. |
author_facet |
Netschert, Bruce C. |
author_sort |
Netschert, Bruce C. |
title |
The Outlook for Future Oil Prices |
title_short |
The Outlook for Future Oil Prices |
title_full |
The Outlook for Future Oil Prices |
title_fullStr |
The Outlook for Future Oil Prices |
title_full_unstemmed |
The Outlook for Future Oil Prices |
title_sort |
outlook for future oil prices |
publisher |
SAGE Publications |
publishDate |
1983 |
url |
http://dx.doi.org/10.1177/014459878300200205 http://journals.sagepub.com/doi/pdf/10.1177/014459878300200205 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic |
genre_facet |
Arctic |
op_source |
Energy Exploration & Exploitation volume 2, issue 2, page 133-142 ISSN 0144-5987 2048-4054 |
op_rights |
http://journals.sagepub.com/page/policies/text-and-data-mining-license |
op_doi |
https://doi.org/10.1177/014459878300200205 |
container_title |
Energy Exploration & Exploitation |
container_volume |
2 |
container_issue |
2 |
container_start_page |
133 |
op_container_end_page |
142 |
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1766335358368219136 |