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The price of oil

Author: Roberto F Aguilera; Marian Radetzki
Publisher: Cambridge : Cambridge University Press, 2016. ©2016
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Drawing on their extensive knowledge of the oil industry, Roberto F. Aguilera and Marian Radetzki provide an in-depth examination of the price of the world's most important commodity. They argue that although oil has experienced an extraordinary price increase over the past few decades, we have now reached a turning point where scarcity, uncertain supply and high prices will be replaced by abundance, undisturbed  Read more...
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Document Type: Book
All Authors / Contributors: Roberto F Aguilera; Marian Radetzki
ISBN: 9781107110014 1107110017 9781107525627 1107525624
OCLC Number: 920680337
Description: x, 242 pages : illustrations ; 24 cm
Contents: The price of oil since the early 1970s : observations and implications --
OPEC and its behavior cannot explain oil's price performance --
Can depletion and rising costs explain the price developments? --
State ownership, government greed and the slowdown of capacity expansion --
The resource curse and capacity destruction --
The shale revolution : US achievements to date and envisaged impacts on global energy markets --
Longevity of US shale oil: have we only seen the beginning? --
The conventional oil revolution --
Environmental issues arising from the revolutions --
Will the revolutions spread globally? --
A substantial long-term price fall in store --
Impact on macroeconomy and trade balances --
Climate policy with low oil prices --
Political repercussions --
Conclusions : what have we learned?
Responsibility: Roberto F. Aguilera, Marian Radetzki.
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Abstract:

This book explains why oil prices rose so spectacularly in the past and examines how they will be suppressed in the future.  Read more...

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'This cheerfully iconoclastic analysis of the past, present and future of the petroleum industry makes a compelling read. Whilst some of its conclusions will be undoubtedly challenged as Read more...

 
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