The price of oil

David Simpson, Frank Kirwan (Editor)

    Research output: Contribution to journalArticle

    Abstract

    The price of oil has confounded so many commentators so often in the past that there are few people close to the industry who are willing to make any public predictions. Although conscious of rushing in where more prudent economists have feared to tread I would nevertheless offer the judgement that the world market price of crude oil might be expected to decline modestly in real terms over the remainder of this decade. "The price in real terms" means that the nominal price of oil will not rise as fast as an index of the nominal price of manufactures during the period concerned. This brief paper will outline two reasons why this is the case.
    LanguageEnglish
    Pages42-43
    Number of pages3
    JournalQuarterly Economic Commentary
    Volume8
    Issue number4
    Publication statusPublished - May 1983

    Fingerprint

    Crude oil
    Industry
    Oils
    Oil
    World market
    Economists
    Prediction
    Market price

    Keywords

    • energy economics
    • North Sea oil industry
    • global oil prices

    Cite this

    Simpson, D., & Kirwan, F. (Ed.) (1983). The price of oil. Quarterly Economic Commentary, 8(4), 42-43.
    Simpson, David ; Kirwan, Frank (Editor). / The price of oil. In: Quarterly Economic Commentary. 1983 ; Vol. 8, No. 4. pp. 42-43.
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    Simpson, D & Kirwan, F (ed.) 1983, 'The price of oil' Quarterly Economic Commentary, vol. 8, no. 4, pp. 42-43.

    The price of oil. / Simpson, David; Kirwan, Frank (Editor).

    In: Quarterly Economic Commentary, Vol. 8, No. 4, 05.1983, p. 42-43.

    Research output: Contribution to journalArticle

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    Simpson D, Kirwan F, (ed.). The price of oil. Quarterly Economic Commentary. 1983 May;8(4):42-43.