Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
The economic boom continues, fueled by ever-increasing oil prices, but at a steep cost: rampant inflation that threatens economic stability, an increasing income gap that threatens social stability, shortages of skilled human resources that threatens prospects for sustainable economic development, and rising real estate costs that threaten the working class and several industrial and commercial projects. While higher oil revenues enabled these countries to reduce their debt, build massive infrastructure, and invest their budget surpluses in the West, political and economic reforms stalled. Higher oil prices, increasing production capacity and expansion of the petrochemical industries prevented these countries from diversifying their sources of income in a meaningful way. The most striking fact is that record oil prices and revenues have not resulted in new major oil and gas discoveries.
More confident than ever, with oil prices around $140 dollars, huge budget surplus, massive amount of foreign reserves, steady economic growth, and major additions to production capacity...
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
New Delhi - January 11-14
Muscat - January 26-29
Bogota - January 28-29
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.