Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Record oil prices = Good times? Think again. Despite record oil prices, real economic growth rates in the oil producing countries of the Middle East are still hovering around 5% to 6%, with the fear that any decline in oil prices may lead to recession. Real per capita income has improved, but it is still less than the 1970s levels by about 75% in large oil producing countries.
Iran is under threat of war, and the fate of international oil companies’ buyback contracts is still unknown. The Iraqi oil industry remains in shambles. Syria and Dubai are expected to become net oil importers very soon. Oil production and revenues in Yemen and Oman have declined rapidly. Some people still question the reliability of Kuwaiti and Saudi reserve figures.
Inflation rates are increasing, despite conservative monetary policies that aim to keep inflation around zero. Higher liquidity is driving inflation northward.
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.