Impact on world oil prices when larger and fewer producers emerge from a political restructuring of the Middle East

Franz Wirl

Energy, 1992, vol. 17, issue 4, 367-375

Abstract: We investigate how a redistribution of oil reserves among a (probably reduced) set of producers affects OPEC's oil extraction policies and thus international crude oil-prices. The empirical investigation shows that this impact is fairly small, as long as OPEC members do not cooperate. Only cooperation will have a substantial impact.

Date: 1992
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/036054429290111C
Full text for ScienceDirect subscribers only

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:eee:energy:v:17:y:1992:i:4:p:367-375

DOI: 10.1016/0360-5442(92)90111-C

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().