RL30459: COPING WITH HIGH OIL PRICES: A SUMMARY OF OPTIONS

@inproceedings{Bamberger2000RL30459CW,
  title={RL30459: COPING WITH HIGH OIL PRICES: A SUMMARY OF OPTIONS},
  author={Robert Lee Bamberger and Lawrence C. Kumins and Salvatore Lazzari},
  year={2000}
}
Owing to a tightness in crude oil supply and accelerated drawdown of oil inventories, the price of home heating oil in the Northeast and diesel fuel rose sharply during the winter of 1999-2000. Gasoline prices soon followed. In the weeks prior to a scheduled late March meeting in Vienna, some Organization of Petroleum Exporting Countries (OPEC) producers indicated an inclination to raise production, but there was no firm consensus how much they might be inclined to boost it, or what the… CONTINUE READING

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