The notion that a dialogue, leading to co-operation between oil-producing and oil consuming countries, may either avert oil shocks and excessive price instability or, at least, mitigate their adverse effects emerged early on in the 1970s. The very few observers who predicted the 1973 oil shock a year or two before its occurrence also sensed […]
The purpose of this paper is to investigate the stability properties of a non-titonnement price and a monetary adjustment mechanism involving two countries: one oil-exporting and one oil-importing. Its distinguishing characteristic is that it brings together some elements of the theory of exhaustible resources and the modern balance-of-payments theory using a Bicksian, temporary equilibrium framework.
A new issue of the Oxford Energy Forum which looks at the future of gas https://t.co/7atWgWr90k https://t.co/TRZhAE3bRH
OIES study quoted on India’s plans for deep-water exploration: Although a second round of bids is proposed, these q… https://t.co/MuoRbV835G
Oxford Energy Forum – The Future of Gas – Issue 116 https://t.co/cAa1cGsyOI