Oil Prices Are Still Too High

Arlon R. Tussing

The Energy Journal, 1985, vol. Volume 6, issue Number 1, 9-12

Abstract: Predictions that the constant-dollar price of oil will rise again to surpass and remain above the all-time peaks reached in 1981 rest on strong logical premises. The truism that natural resources are finite unites with the paradigms of Malthus, Ricardo, and Hotelling to imply that the terms of trade will forever flow in favor of resource owners, particularly the owners of depletable resources.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1985
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