Personal commentary
Like most accidents, the price explosion of 2004−5 was the result of an unlikely combination of events. In 2004 world oil demand was about 2 mb/d above trend, mainly in China but also in the United States, while non-OPEC supply was 0.5 mb/d below. OPEC through 2003 and early 2004 carefully managed t...
| Autor principal: | |
|---|---|
| Formato: | Journal article |
| Idioma: | English |
| Publicado em: |
Oxford Institute for Energy Studies
2005
|