Middle East Economic Survey

VOL. XLIX

No 44

30-Oct-2006

The Oil Market And Economics 101

By A F Alhajji

This article was written forMEES by A F Alhajji, PhD, Energy Economist and Associate Professor at Ohio Northern University. The author can be reached via emaila-alhajji@onu.edu.

I am writing this article out of frustration. How can I explain to my students the statements of OPEC oil ministers, energy officials in the oil consuming countries, petroleum analysts, commentators, and journalists that...