Liquid fuels (detived liquid fuels) 99lQ3046
Oil prices touch fifty year low. Industry gears up for further cuts in operating costs Anon Energy World, March 1999, 267, 8-11. Fifty-year lows were recently experienced in December for international crude oil prices, dropping beneath $ll/barrel; they have since stayed close to the bottom of the curve. Prices are now lower than they were in 1973, immediately before the first of the two 1970s oil price shocks. Indeed, in December they were lower than they were during the great depression of the 1930s. according to the International Energy Agency's 'Monthly oil market report'. Crude prices are expected to stay very low, perhaps for a few years, according to most analysts. Current crude prices are so lowlower than the cost of production in some parts of the world-that the future of production activities are under threat The UK Government's latest initiative to tackle the problem is reported in this article, along with the activities of the CRINE Network to reduce operating costs.
99lQ3047
Resolving the federal oil and gas royalty valuation dispute: a free market approach