Is the stage being set for another oil price spike by 2000? While many in industry expect long term low oil prices, one analyst says the scene is set for another oil price shock by the turn of the century. Jean Laherrere, Petroconsultants, Geneva, says that when Middle East swing producers supply more than 30% of world oil, they Will realize their power in the market and hike prices. Those swing producers - Iran, Iraq, Kuwait, Abu Dhabi, and Saudi Arabia - provide 27% of world oil needs.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive


More in Home