The world oil market, past and future
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.
|Date of creation:||1984|
|Date of revision:|
|Publication status:||Published in The Columbia Journal of World Business no. 7.XIX(1984): pp. 47-55|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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