Slideshow transcript
Slide 1:Oil prices at a Boil ……circa 2008 Factors, Effects & Outcomes 12th July, 2008 Vijay Raghavan R
Slide 2:Oil prices at a Boil • Factors • Effects & Outcomes
Slide 3:Factors Speculation Supply Constraints Demand Growth High Oil Prices
Slide 4:Supply Constraints - Peak Oil Diminishing Oil Reserves & Consequent decline in Production Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline.
Slide 5:Supply Constraints - Cartelization • (OPEC – 70% of reserves but only 40% of production)
Slide 6:Supply Constraints – Geopolitical Factors • turbulence in the Middle East • Venezuela has experi




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