Radetzki, Marian - In: Energy Policy 46 (2012) C, pp. 382-385
Oil prices in 2008–10, measured in constant money, were almost eight times the level of 1970–72. The prices of minerals and metals, another exhaustible resource group, increased by a mere 45% in the same period. The paper contends that the actions of OPEC, primarily production quotas, cannot...