VOL. XLIV

No. 11

12-March-2001

OIL PRICES

Mabro On Transparency In Oil Markets

In the February 2001 issue of the OIES Monthly Comment published by Oxford Institute for Energy Studies (OIES), OIES Director Robert Mabro presents a critique of what he describes as the two most persistent myths about oil markets: 1) that prices set for oil are efficient, which is to say, reflect the state of best knowledge about the markets; and 2) oil production data published by the reporting services and...