The OPEC price escalations of 1973-74 and 1979-80 have had a crucial effect on the world economy and on international trade. Non-OPEC countries have had t o adjust to higher petroleum prices. They have tried to develop alternative energy resources and have invested in various energy conservation measures.
New OIES paper: Oilsands firms have shown financial resiliency through cost reduction & vertical integration but se… https://t.co/npp6Nff3mL
Saudi Arabia’s Next Oil Move https://t.co/3SxvDUpSWE
Between 20-30 mb based on difference between tanker- tracking estimates & official customs data gone into bonded ta… https://t.co/SEEfIzEVwn
Renewable investment will benefit MENA oil-rich countries whether or not oil demand peaks; question is how to enabl… https://t.co/nrYEg4hc0w