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SEQUENCE:0
DTSTAMP:20130620T033911Z
DTSTART:20090319T130000Z
DTEND:20090319T150000Z
STATUS:CONFIRMED
TRANSP:OPAQUE
LOCATION:Room 201, The Al-Qasimi Building, Elvet Hill Road, Durham
SUMMARY:CASAW/LUCE Transformation of the Gulf Series
DESCRIPTION:'Answering the call: Middle East OPEC and the supply of world 
 energy markets'  By Alexander Munton, PhD-Wood Mackenzie  Lunch available 
 from 12.30pm2008 was a year of unprecedented oil market volatility, with t
 he price of crude oil reaching record highs of nearly US$150 a barrel in J
 uly. OPEC’s inability to bring the market down until it reached econ
 omic breaking point has reinforced fears of shortfalls in future supplies.
  And with non-OPEC production forecast to decline sometime next decade, th
 e call on OPEC crude will increase over time. In this paper, I examine the
  structural issues which threaten future oil market stability as well as i
 ncreased competition for scarce resources, and the strategic significance 
 of Middle East oil.
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