Middle East Economic Survey

VOL. L

No 13

26-Mar-2007

Fundamentals Ensuring Strong Oil Prices, With Potential To Impact Energy Policy

David Knott reports.

Basic economics suggests that high oil prices should have an impact on consumption, but speakers at a Centre for Global Energy Studies (CGES) annual seminar in London on 21 March argued that the current price strength could prove surprisingly durable, despite the growing incentives to curb consumption. In the keynote speech at theOil And The World...