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EMF 6: World Oil


This report looked at the policies used by OPEC for oil production and sales, and proposed several scenarios to address problems with the current oil production system.  The forum analyzed 11 scenarios, and created one reference which served as the base case for analyses.  The scenarios were as follows: oil demand reduction, low elasticity, oil demand reduction and low elasticity, low economic growth, restricted backstop, disruption, technological breakthrough, disrupt and low elasticity, optimistic, oil demand reduction and disruption, and high price.

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