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How Plausible is the Consensus Projection of Oil Below $25 and Persian Gulf Oil Capacity and Output Doubling by 2020?


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Energy Specializations: Petroleum – Markets and Prices for Crude Oil and Products; Energy Modeling – Forecasting and Market Analysis

JEL Codes: Q38: Nonrenewable Resources and Conservation: Government Policy, Q42: Alternative Energy Sources, Q41: Energy: Demand and Supply; Prices, Q35: Hydrocarbon Resources, L71: Mining, Extraction, and Refining: Hydrocarbon Fuels

Keywords: OPEC oil output, OPEC capacity, oil price projections

DOI: 10.5547/ISSN0195-6574-EJ-Vol22-No4-1


Published in Volume22, Number 4 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.