Spikes and Shocks - The Financialisation of the Oil Market from 1980 to the Present Day - Bog af Angelos Gkanoutas-Leventis - Hardback

Spikes and Shocks - The Financialisation of the Oil Market from 1980 to the Present Day - Angelos Gkanoutas-Leventis

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,..