Oil prices enter a new era of increased volatility

In theory, price volatility should be relatively unimportant to the oil industry. In reality, it represents a challenge the industry has had a difficult time meeting.When the price of oil collapsed in 1998, not only did few forecasters predict it-or correctly anticipate the subsequent recovery-but many prominent analysts expected prices to remain low for years.The industry's reputation for boom and bust hiring and firing was reinforced (negatively) by its behavior 2 years ago, when thousands were laid off.Now, of course, the industry is struggling to find crews and rigs and must pay exorbitant prices to attract them, as all too many reject the wages offered, expecting yet another roun...

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