Supply instability and oil market behavior
This paper analyzes the disruption in world oil markets which was triggered by the 1978-79 Iranian revolution. The resultant price rises are explored in the context of the behavior of the spot market and key OPEC countries. In particular, the economic and political roles of excess oil supply...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
MIT Energy Laboratory
2006
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/35228 |