Tag: 1986 Oil Price Collapse

  • The Impact of Cheap Oil on Gas Markets

    By: J. Jensen , M. Kelly

    It is often assumed that oil can increase its share of energy markets fairly quickly if its price drops relative to competing fuels. Since oil is already the dominant fuel in the transportation sector, gains at the expense of other fuels must come from elsewhere. The slow pace of fuel conversion decisions in the residential […]

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