A worst-case scenario

When will oil prices recede? No one knows. The conditions that will cause prices to recede are clear: lower demand and higher supply. Policy mistakes that would delay or distort those conditions are clear, too: punitive taxes, breaking up oil companies, price controls, tax holidays on gasoline, and other such mischief under frenzied discussion in Washington, DC.Whatever the timing, oil prices will fall. Demand cannot rise against limited supply forever. At some point prices become not just annoying but intolerable. At some point consumers quit whining and start conserving. By then, new supply emerges where allowed to do so.This can happen gradually or suddenly, the latter being the more p...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected