World Oil: Market or Mayhem?

The world oil market is regarded by many as a puzzle. Why are oil prices so volatile? What is OPEC and what does OPEC do? Where are oil prices headed in the long run? Is “peak oil” a genuine concern? Why did oil prices spike in the summer of 2008, and what role did speculators play? Any attempt to...

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Bibliographic Details
Main Author: Smith, James L.
Format: Working Paper
Published: 2009
Online Access:http://hdl.handle.net/1721.1/45659