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On the inevitable return of higher oil prices

✍ Scribed by Harry D. Saunders

Publisher
Elsevier Science
Year
1984
Tongue
English
Weight
806 KB
Volume
12
Category
Article
ISSN
0301-4215

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Some commentators claim that the oil market has achieved within a few months what international bureaucrats have struggled to obtain in a decade of international climate negotiations. The fallacy of the oil price argument is that substitutions and income effects that would result from higher oil pri