The World Oil Market (WOM) Model: An Assessment of the Crude Oil Market Through 2000

Lorents Lorentsen and Kjell Roland

The Energy Journal, 1986, vol. 7, issue 1, 23-34

Abstract: The great demand for oil price forecasts has resulted in extensive discussion of possible behavioral and structural relationships to describe this jerky market. On the supply side, much attention has been focused on the inner life of OPEC. Is it or not a cartel? Is it a cartel with a competitive fringe? How strong is the tension between high and low absorbers? Are the depletion policies derived from myopic cash requirements or from long-term optimization schemes?

Keywords: World Oil Market (WOM) model; OPEC; Oil prices; Oil suppy (search for similar items in EconPapers)
Date: 1986
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.5547/ISSN0195-6574-EJ-Vol7-No1-2 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:7:y:1986:i:1:p:23-34

DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No1-2

Access Statistics for this article

More articles in The Energy Journal
Bibliographic data for series maintained by SAGE Publications ().