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Center for Energy Studies

International Economics

Oil Demand, Supply, and Medium-Term Price Prospects: A Wavelets-Based Analysis

Mahmoud A. El-Gamal

Oil Demand, Supply, and Medium-Term Price Prospects: A Wavelets-Based Analysis.

This Center for Energy Studies working paper explores the possibility that the 1979-1988 boom and bust oil price cycle is about to repeat itself, in contrast to the most common oil price forecasts that predict a continued rising trajectory through the 2020s, taking into account possible geopolitical catalysts that could alter a downward-facing outlook moving forward.

Mahmoud A. El-Gamal, Baker Institute Rice Scholar
Amy Myers Jaffe, Executive Director for Energy and Sustainability, University of California, Davis