Middle East Economic Survey


No 37


Troubled Waters Ahead

By William R Edwards

The following article was written for MEES by Mr Edwards, who is President of Edwards Energy Consultants, Katy, Texas (wre@texven.com).

In my MEES op-ed piece OPEC Production Cut Will Not Impact Oil Price, written after the September 2008 OPEC meeting during which the price of WTI was above $100/B (MEES, 27 October 2008), I pointed out the fact that declining demand, not OPEC mandates, would force cuts...