Greene, D.L.; Jones, D.W.; Leiby, P.N. - 2009
Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed … 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC … pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the U …