International Oil Supplies and Demands. Volume 2
The eleventh Energy Modeling Forum (EMF) working group met four times over the 1989--1990 period to compare alternative perspectives on international oil supplies and demands through 2010 and to discuss how alternative supply and demand trends influence the world`s dependence upon Middle Eastern oil. Proprietors of eleven economic models of the world oil market used their respective models to simulate a dozen scenarios using standardized assumptions. From its inception, the study was not designed to focus on the short-run impacts of disruptions on oil markets. Nor did the working group attempt to provide a forecast or just a single view of the likely future path for oil prices. The model results guided the group`s thinking about many important longer-run market relationships and helped to identify differences of opinion about future oil supplies, demands, and dependence.
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|Subject:||petroleum | PETROLEUM | SUPPLY AND DEMAND | GLOBAL ASPECTS | ENERGY MODELS | MARKET | SUPPLY DISRUPTION | MIDDLE EAST | OPEC | PRICES | COMPILED DATA|
|Type of publication:||Other|
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