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Oil prices: it's not about the geology
Source info:
| Author: | Paul Wilson |
|---|---|
| Date: | 2008-09-08 00:00:00 |
| Blog: | Sedimentary Basins and Petroleum Geology  |
| URL: | http://basintectonics.blogspot.com/2008/09/oil-prices-its-not-about-geology.html |
Summary:
This article by Nils Pratley was in this weekend's Observer. It mainly concentrates on the influence of OPEC, the cartel that controls around 40% of the worlds oil supply. It re-iterates that oil prices generally don't have too much to do with how much oil there is available to produce: it's more about how much actually gets produced, for reasons that tend to be economic and geopolitical as muchContent analysis:
Keywords:
oil production, OPEC
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