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Title: Price of failure
Category: Papers by Dr R A King
Downloadable: Yes 
Project No.:
Research Agency:
Catalog No.: 780
Date of Publication: 1992
Price: $25.00 US
Authors: Dr R A King
Abstract: Since the beginning of August the industry has seen dramatic changes in the price of crude oil. At the beginning of August the real price of oil was barely twice the cost of pre-1973 oil, a price which was considered, at that time, as too low. Similar observations coupled to environmental arguments were in vogue this July in a close parallel of 1973. The prognosis for future oil prices remains uncertain, but there is a general agreement that the price will remain somewhat above $20-$22 in the longer term. The oil price rise if sustainable is good news for the development of the fields in the North Sea. This situation gives rise to important consideartions for the materisls used and, in consequence, for the materials engineer.
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