What's structural?

02/01/1999
Is the current slump in oil prices structural? Everyone in the oil and gas industry wants to know. The market crisis might indeed have structural dimensions, which is not to say that prices will stay at current levels, or any level, forever. Structural effects depend on how key market participants respond. Prices are low for good reasons. When those reasons no longer apply, prices will rise unless new reasons emerge for them to stay low. And no one should doubt that current prices are too low. When all producers hurt, as all do now, price levels are not sustainable. Too much oil The reason prices languish at current levels is that too much oil is at hand. Until recentl...
read-story

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