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Scenario Analysis for Future Oil Demand and Supply on the Horizon of 2022

Latvian Journal of Physics and Technical Sciences

Volume 53 (2016): Issue 4 (August 2016)

By: Hasan Mustafa

Open Access

|Sep 2016

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.

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Articles in this issue

DOI: https://doi.org/10.1515/lpts-2016-0029 | Journal eISSN: 2255-8896 | Journal ISSN: 0868-8257

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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

Keywords:

conventional oil,

unconventional oil

Related subjects:

Technical and applied physics

© 2016 Hasan Mustafa, published by Institute of Physical Energetics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Volume 53 (2016): Issue 4 (August 2016)

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