Dr. John Llewellyn, expert on macroeconomic policy & forecasting, recently published an Occasional Paper, co-authored with Ben Combes, entitled Oil: Cheap at half the price.

The analysis is drawn from the White Paper, The Changing Face of the Oil Industry, that LlewellynConsulting produced for Puma Energy in 2013. In this paper, John and Ben develop and extend the analysis on supply and demand, and the possible implication for the price of oil, explaining that “developments in international energy markets, particularly in the price of oil and gas, stand to shape the world economy fundamentally.”

Click here to full the full paper.