OPEC

Ashland Study Sees Drop in Real Oil Price in Next Decade

Even under the most favorable circumstances, the real price of crude oil is likely to decline by some $7.50/B in the next decade, from $28/B in 1985 to $20.47/B in 1995, according to a study entitled "World Energy Outlook through 1995" by Dr. Hossein Tahmassebi, Chief Economist of Ashland Oil. Moreover, in the lowest of the three price scenarios postulated by Dr. Tahmassebi this decline in the real price rises to...