- Author:Philip K Verleger
- Publisher:Ballinger Pub. Co (1982)
- Pages:289 pages
- FB2 format1230 kb
- ePUB format1604 kb
- DJVU format1723 kb
- Formats:rtf lit rtf txt
Oil Markets in Turmoil: An Economic Analysis .
Oil Markets in Turmoil: An Economic Analysis. Oil Markets in Turmoil: An Economic Analysis. OPEC Behavior and World Oil Prices. To deal with disruptions in oil supply, says Verleger, an economist who was in the Carter Administration, raise prices quickly, impose tariffs, and do not allocate supplies. International cooperation is a good idea but not essential" and the International Energy Agency, as now constituted, will make matters worse. The contributors to the Griffin and Teece volume make interesting points about what OPEC has done and might do, but do not agree among themselves.
Jr. Departing from conventional wisdom about the forces most responsible for oil price increases, this book analyzes the response of consumers, oil companies, and oil-exporting nations to show that lethargy, not greed, best describes the behavior of these participants during a supply disruption. The adjustment to changes in market conditions is so slow that minor incidents are transformed into major crises. Assessing existing policy options, Verleger dispels the idea of matching supply losses with an equal cut in consumption.
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Verleger, Philip K. Date. Economics of International Gas and Oil ECOM032. Ballinger Publishing Company. Section: Background Reading. Next: Oil trade: politics and prospects. Previous: OPEC behavior and world oil prices.
Oil Markets in Turmoil : An Economic Analysis. by Philip K. Verleger. Select Format: Hardcover. ISBN13:9780884108672.
Oil Markets in Turmoil book.
Author: Verleger, Philip K; Format: Book; xxxi, 289 p. : ill.
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Philip K. Verleger J. former visiting fellow, specializes in the study of energy markets and is president of PKVerleger LLC and a senior adviser to The Brattle Group, a Cambridge economics consulting firm. This is a nice introduction to various schemes to stabilize the oil market. It critically examines some "bad" approaches, and then proposes a market-based solution drawing on the theory of commodity price stabilization and the use of financial instruments to neutralize the impact of commodity price volatility. The author manages to combine intellectually rigorous analysis and detailed institutional knowledge of the oil market into a readable volume.
This book studies the North Sea oil market in detail. Oil markets in turmoil : an economic analysis, Philip K. Incluye bibliografía e índice. It describes the structure of the market, the oil tax regimes, and the mechanisms of spot and forward dealings, and analyses price behaviour. Political economy of oil. Book. A nontechnical discussion of the political economy of the world oil market is intended to inform the beginning student as well as serve as a reference book.