The oil price conundrum
<p>The governments of oil-importing countries are worried about the recent high oil prices. They worry about possible macro-economic effects: inflation, recession, balance-of-payments deficits. The consumers of energy in those countries where fuels are not subsidised are angry about the higher...
| Autor principal: | |
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| Formato: | Journal article |
| Idioma: | English |
| Publicado em: |
Oxford Institute for Energy Studies
2008
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| _version_ | 1826284702549409792 |
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| author | Mabro, R |
| author_facet | Mabro, R |
| author_sort | Mabro, R |
| collection | OXFORD |
| description | <p>The governments of oil-importing countries are worried about the recent high oil prices. They worry about possible macro-economic effects: inflation, recession, balance-of-payments deficits. The consumers of energy in those countries where fuels are not subsidised are angry about the higher prices of oil, gas and electricity. Unfortunately these higher prices have coincided with increases in the cost of food and other items of vital expenditures. Those who use fuels in significant quantities, such as fishermen or truck drivers, are protesting through strikes or motorway blockades in some European countries.</p> <p>Governments of importing countries could not remain indifferent to events too quickly labelled as the new oil price shock or the new oil crisis. Comparisons with the previous crises of the 1970s were hastily made but were more misleading than illuminating.</p> |
| first_indexed | 2024-03-07T01:17:49Z |
| format | Journal article |
| id | oxford-uuid:8f4dbe42-8c4b-4569-ae34-cfea2b93db63 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:17:49Z |
| publishDate | 2008 |
| publisher | Oxford Institute for Energy Studies |
| record_format | dspace |
| spelling | oxford-uuid:8f4dbe42-8c4b-4569-ae34-cfea2b93db632022-03-26T23:03:20ZThe oil price conundrumJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:8f4dbe42-8c4b-4569-ae34-cfea2b93db63EnglishOxford University Research Archive - ValetOxford Institute for Energy Studies2008Mabro, R<p>The governments of oil-importing countries are worried about the recent high oil prices. They worry about possible macro-economic effects: inflation, recession, balance-of-payments deficits. The consumers of energy in those countries where fuels are not subsidised are angry about the higher prices of oil, gas and electricity. Unfortunately these higher prices have coincided with increases in the cost of food and other items of vital expenditures. Those who use fuels in significant quantities, such as fishermen or truck drivers, are protesting through strikes or motorway blockades in some European countries.</p> <p>Governments of importing countries could not remain indifferent to events too quickly labelled as the new oil price shock or the new oil crisis. Comparisons with the previous crises of the 1970s were hastily made but were more misleading than illuminating.</p> |
| spellingShingle | Mabro, R The oil price conundrum |
| title | The oil price conundrum |
| title_full | The oil price conundrum |
| title_fullStr | The oil price conundrum |
| title_full_unstemmed | The oil price conundrum |
| title_short | The oil price conundrum |
| title_sort | oil price conundrum |
| work_keys_str_mv | AT mabror theoilpriceconundrum AT mabror oilpriceconundrum |