Forces Driving Oil and Gas Demand Cycles

Oil and gas prices have historically been very volatile taking<br>the demand for oil through wild cycles and have taken the<br>economy of the world through the cycles with them. Oil<br>producers and consumers tried to dampen the cycles and<br>establish a market with softer fluctuations; however, their<br>efforts were largely unsuccessful. OPEC strategy for dealing<br>with the possibility of declining oil prices in the future appears<br>to be the same old one that failed to stem the price fluctuations<br>of the past. OPEC appears to be setting themselves up for yet<br>another failure and the old cliché "history repeats itself" seems<br>to be in order.