AN ECONOMIC ANALYSIS OF CRUDE OIL PRICE BEHAVIOR IN THE 1970s

Uncontrolled U.S. crude oil prices, after adjustment for inflation, have increased 140% from 1970-June 1978. From 1975 onward, real prices of crude actually have declined 13%. Price movements in the 1970's are reviewed in light of capital theory and property rights theory, including the record...

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Veröffentlicht in:	The Journal of energy and development 1979-04, Vol.4 (2), p.212-228
1. Verfasser:	Mead, Walter J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital costs Cartels Crude oil Energy economics Investment return rates Market prices Market share Methodology Oil prices Price increases Property rights Supply
Online-Zugang:	Volltext
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