Who Governs Global Oil Prices?
... formulated by a cost-plus system for crude and now net-back for other petroleum products. Again, the seven sisters preferred long-term contracts and also used modern concessional tools to account for socio-economic factors. But, in 1969 to 1973 a major ... ... on the bright-side, we only have to wait 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, as it was a 'price taker',...
13.09.2013