Table 20. Forecasts of world oil prices, 2000-2020
|
1999 dollars per barrel |
|||||
|
Forecast |
2000 |
2005 |
2010 |
2015 |
2020 |
|
AEO2001 reference |
27.59 |
20.83 |
21.37 |
21.89 |
22.41 |
|
AEO2001 high price |
27.59 |
26.04 |
26.66 |
28.23 |
28.42 |
|
AEO2001 low price |
27.59 |
15.10 |
15.10 |
15.10 |
15.10 |
|
DRI |
26.65 |
19.47 |
18.65 |
19.87 |
21.16 |
|
IEA |
20.43 |
20.43 |
20.43 |
30.04 |
30.04 |
|
PEL |
17.69 |
15.63 |
13.77 |
11.75 |
NA |
|
PIRA |
30.04 |
22.56 |
23.58 |
NA |
NA |
|
WEFA |
23.76 |
18.39 |
18.48 |
19.42 |
20.41 |
|
GRI |
18.17 |
18.17 |
18.17 |
18.17 |
NA |
|
NRCan |
21.24 |
21.24 |
21.24 |
21.24 |
21.24 |
|
DBAB |
23.67 |
17.08 |
17.36 |
17.34 |
17.68 |
|
NA = not available. Source: AEO2001: Tables A1 and C1. DRI: Standard and Poor’s DRI, U.S. Energy Outlook (Spring/Summer 2000). IEA: International Energy Agency, World Energy Outlook 1998. PEL: Petroleum Economics, Ltd., Oil and Energy Outlook to 2015 (February 2000). PIRA: PIRA Energy Group, “Retainer Client Seminar” (October 2000). WEFA: The WEFA Group, U.S. Energy Outlook (2000). GRI: Gas Research Institute, GRI Baseline Projection of U.S. Energy Supply and Demand, 2000 Edition (January 2000). NRCan: Natural Resources Canada, Canada’s Energy Outlook 1996-2020 (April 1997). DBAB: Deutsche Banc Alex. Brown, World Oil Supply and Demand Estimates (June 2000). |
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