Oil Prices to 2000: The Economics of the Oil Market

actual analysis assumptions behaviour bell curve bn barrels Caño Limón capacity utilisation cartel cent changes in oil coal conservation consumers conventional wisdom CPE exports crude oil demand for Opec developing countries discoveries DOE forecast dominance drilling economic growth Economist Intelligence Unit efficiency error estimates expected Figure fuel giant fields given Herfindahl index higher impact industry International Energy inventories investment Iran long term marginal costs market share Middle East mn b/d natural gas non-Opec OECD OECD Europe offshore oil exports oil imports oil price forecasts oil province oil reserves oil supply Opec countries Opec oil Opec production Opec's output peak pessimistic Petroleum predict price crash price increase price of oil Prudhoe Bay quotas recent residual supplier result revenue role Saudi Arabia scenario sector short term Soviet oil swing producer tar sands term price Third World oil trends uncertainty USSR World oil consumption