Since the first petroleum crisis in 1973-74 oil prices have risen considerably. One reason for this has been that oil consumers have been insensitive to price changes. In the short run it has been difficult to find any viable fuel alternative .
OIES presentation on oil market outlook: Balance of risks indicates that an unexpected slowdown in global activity… https://t.co/5NnHV2GtbS
Economic Diversification in the Context of Peak Oil and the Energy Transition https://t.co/mVi1REW4e2
OIES study quoted on how Convention on Caspian Sea may boost regional energy cooperation: Several issues remain inc… https://t.co/5Cm4Ql285S