English, Article, Journal or magazine article edition: Oil Price Developments: Drivers, Economic Consequences and Policy Responses Anne-Marie Brook; Robert Price; Douglas Sutherland; ...

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/135620
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Oil Price Developments: Drivers, Economic Consequences and Policy Responses
Author
  • Anne-Marie Brook
  • Robert Price
  • Douglas Sutherland
  • Niels Westerlund
  • Christophe André
Physical Description
  • preprint
Notes
  • This paper analyses the factors influencing the price of oil and its likely evolution over the next quarter century. It begins by investigating the fundamental forces shaping long-term oil price developments, highlighting the importance of growth-led demand for oil, particularly that emanating from fast-growing, energy-intensive developing countries, and the implications of increasingly geographically concentrated oil reserves. The paper presents oil price projections to 2030 and examines the sensitivity of the projections to the assumptions about growth and non-OPEC supply. While certain combinations of factors could lead to a significantly higher oil price, the projections also suggest that the optimal strategy of resource-rich oil producers would be to prevent it rising too far. The paper then documents short-term influences on the oil price, which peaked at $50 a barrel in 2004, and notes that they have probably led to a significant departure from the long-run equilibrium price ... Ce document analyse les facteurs qui influencent le prix du pétrole et son évolution probable au cours du prochain quart de siècle. Il examine d’abord les déterminants fondamentaux de l’évolution des prix du pétrole à long terme, en soulignant l’importance de la demande pétrolière alimentée par la croissance, en particulier celle émanant des pays en développement à forte intensité d’énergie et en expansion rapide, ainsi que les conséquences de la concentration géographique croissante des réserves pétrolières. Le document présente des prévisions des prix du pétrole jusqu’à l’horizon 2030 et évalue leur sensibilité aux hypothèses concernant la croissance et l’offre hors OPEP. Tandis que certaines combinaisons de facteurs pourraient se traduire par un prix du pétrole nettement plus élevé, les prévisions montrent aussi que pour les producteurs pétroliers dotés d’abondantes réserves la stratégie optimale consisterait à empêcher une hausse excessive des cours. L’étude décrit ensuite les ...
  • market structure, structure de marché, energy, énergie, crude oil, pétrole brut
  • RePEc:oec:ecoaaa:412-en
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment