Who Governs Global Oil Prices?
... a major transitional period occurred as these majors started to negotiate with the OPEC alliance or 'cartel', with prices being linked evermore to national... ... 40%. Again, the third stage was followed by a transitional period of 1985 to 1986, as Saudi Arabia pushed for the net-back mechanism across not only petroleum products, but... ... for 7-10 years, as that is about how long a typical recession takes to roll-in! USSR had a very modest impact during the first three stages of the evolutionary track...
13.09.2013