Middle East Economic Survey

VOL. XLVIII

No 50

12-December-2005

OIL PRICES/OPEC

Are We In An Era Of Persistent Higher Oil Prices Or Just Another Episode?

By Salman Saif Ghouri,

The following article was written for MEES by Dr Ghouri, Senior Economist with Qatar Petroleum (QP). The views expressed in this article are those of the author and may not reflect the views of QP.

Oil has been the dominant primary source of energy energizing the world for over a century. Its global share in total primary...