Abstract
This study indicates signs of recovery in the oil price beyond 2020 and predicts oil prices will reach $80 in 2022. This scenario posits an opposite view to a large number of experts who believe that oil prices will remain low for a long time. The second less preferred scenario predicts oil prices of $60 in 2022 due to a big spread in shale oil production technology worldwide, combined with a significant increase in oil production costs.
Language: English
Page range: 56 - 65
Published on: Sep 24, 2016
Published by: Institute of Physical Energetics
In partnership with: Paradigm Publishing Services
Publication frequency: 6 issues per year
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© 2016 Hasan Mustafa, published by Institute of Physical Energetics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.