The Oil Market: 1980's And Today

Abstract: 7 pages in length. If there is one thing that can be asserted about the oil market, it is that it is in a constant state of fluctuation. Nowhere is this more evident than when one studies the events of the 1980's in comparison to that of the contemporary oil market. There is virtually no way for such a vacillating industry to conform to forecaster predictions, as its inherent nature is to change with great regularity. Inasmuch as industry experts attempt to rein in some modicum of knowledgeable prediction, they have routinely been met with disappointment. The writer discusses how such was the case with the 1980 oil market, noting that the same has continued forward into the 1990's. Bibliography lists 4 sources.

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Catagory:

Subcatagory: Environmental Issues & Ecology

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