Spikes and Shocks

The Financialisation of the Oil Market from 1980 to the Present Day

Business & Finance, Economics, Economic History, Finance & Investing, Finance
Cover of the book Spikes and Shocks by Angelos Gkanoutas-Leventis, Palgrave Macmillan UK
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Angelos Gkanoutas-Leventis ISBN: 9781137594617
Publisher: Palgrave Macmillan UK Publication: December 20, 2016
Imprint: Palgrave Macmillan Language: English
Author: Angelos Gkanoutas-Leventis
ISBN: 9781137594617
Publisher: Palgrave Macmillan UK
Publication: December 20, 2016
Imprint: Palgrave Macmillan
Language: English

This book proposes that price volatility and speculation in the oil market originate from a decades-long process of financialisation. The author challenges mainstream critical accounts of the market that typically invoke the notion of a global oil shortage and so-called ‘peak oil’ arguments. Instead, he argues that the development of the market has been punctuated by recurring oil price shocks. Chapters examine the evolution of the international oil market and investigate how, and to what effect, the process of financialisation has transformed the structure and dynamics of the global oil market from 1980 to the present day.  In doing so, the book suggests that the process of financialisation is both the cause and the proof of a profound change in the structure of the global oil market, that has turned the triangle of producers, consumers, and mediators that characterised the oil market until the 1980s into a four-tier structure through the addition of financial actors.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book proposes that price volatility and speculation in the oil market originate from a decades-long process of financialisation. The author challenges mainstream critical accounts of the market that typically invoke the notion of a global oil shortage and so-called ‘peak oil’ arguments. Instead, he argues that the development of the market has been punctuated by recurring oil price shocks. Chapters examine the evolution of the international oil market and investigate how, and to what effect, the process of financialisation has transformed the structure and dynamics of the global oil market from 1980 to the present day.  In doing so, the book suggests that the process of financialisation is both the cause and the proof of a profound change in the structure of the global oil market, that has turned the triangle of producers, consumers, and mediators that characterised the oil market until the 1980s into a four-tier structure through the addition of financial actors.

More books from Palgrave Macmillan UK

Cover of the book The Making of a European President by Angelos Gkanoutas-Leventis
Cover of the book Expatriate Management by Angelos Gkanoutas-Leventis
Cover of the book Cannibalism in Literature and Film by Angelos Gkanoutas-Leventis
Cover of the book ASEAN's Engagement of Civil Society by Angelos Gkanoutas-Leventis
Cover of the book Staging and Performing Translation by Angelos Gkanoutas-Leventis
Cover of the book Financialization and Government Borrowing Capacity in Emerging Markets by Angelos Gkanoutas-Leventis
Cover of the book BDSM in American Science Fiction and Fantasy by Angelos Gkanoutas-Leventis
Cover of the book Exploring Contemporary Issues in Sexuality Education with Young People by Angelos Gkanoutas-Leventis
Cover of the book The North Korean Nuclear Weapons Crisis by Angelos Gkanoutas-Leventis
Cover of the book The Language of Progressive Politics in Modern Britain by Angelos Gkanoutas-Leventis
Cover of the book British Television Animation 1997-2010 by Angelos Gkanoutas-Leventis
Cover of the book A Historical Guide to NGOs in Britain by Angelos Gkanoutas-Leventis
Cover of the book Convergent Media and Privacy by Angelos Gkanoutas-Leventis
Cover of the book The Ministry of Education Film Experiment by Angelos Gkanoutas-Leventis
Cover of the book Medicine, Magic and Art in Early Modern Norway by Angelos Gkanoutas-Leventis
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy