Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Spikes and Shocks: The Financialisation of the Oil Market from 1980 to the Present Day

Spikes and Shocks: The Financialisation of the Oil Market from 1980 to the Present Day

Gkanoutas-Leventis, Angelos

Hardcover

EconomicsInvesting & Finance

ISBN10: 1137594608
ISBN13: 9781137594600
Publisher: Palgrave MacMillan
Published: Dec 28 2016
Pages: 157
Weight: 0.79
Height: 0.44 Width: 5.83 Depth: 8.27
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.

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