000			03078cam a22003255a 4500
001			18743377
005			20161121124536.0
008			150814s2016 enka frb 001 0 eng d
010			_a 2015022570
020			_a9781107525627 (pbk.)
020			_a1107525624 (pbk.)
040			_aDLC _beng _cDLC _dDLC _dEG-ScBUE
042			_apcc
082	0	4	_222 _a338.2328 _bAGU
100	1		_aAguilera, Roberto F., _d1978-
245	1	4	_aThe price of oil / _cRoberto F. Aguilera, Marian Radetzki.
260			_aCambridge : _bCambridge University press, _c2016.
300			_ax, 242 p. : _bill. ; _c24 cm.
500			_aIndex : p. 235-242.
504			_aBibliography : p. 221-234.
505	8		_aAcknowledgements; 1. Introduction and overview -- pt. I. Oil's Extraordinary Price History: How Can It Be Explained?: 2. The price of oil since the early 1970s: observations and implications; -- 3. OPEC and its behavior cannot explain oil's price performance -- 4. Can depletion and rising costs explain the price developments? -- 5. State ownership, government greed and the slowdown of capacity expansion -- 6. The resource curse and capacity destruction -- pt. II. The Shale And Conventional Oil Revolutions: Low Prices Ahead: 7. The shale revolution: US achievements to date and envisaged impacts on global energy markets -- 8. Longevity of US shale oil: have we only seen the beginning? -- 9. The conventional oil revolution -- 10. Environmental issues arising from the revolutions -- 11. Will the revolutions spread globally? -- 12. A substantial long-term price fall in store -- pt. III. Global Implications for the Macroeconomy, the Environment and for Politics: 13. Impact on macroeconomy and trade balances -- 14. Climate policy with low oil prices -- 15. Political repercussions -- Conclusions: 16. What have we learnt?; References; Index.
520			_a"Drawing on their extensive knowledge of the oil industry, Roberto F. Aguilera and Marian Radetzki provide an in-depth examination of the price of the world's most important commodity. They argue that although oil has experienced an extraordinary price increase over the past few decades, we have now reached a turning point where scarcity, uncertain supply and high prices will be replaced by abundance, undisturbed availability and suppressed price levels. They look at the potential of new global oil revolutions to bring the upward price push to an end and examine the implications of this turnaround for the world economy, as well as for politics, diplomacy, military interventions and the efforts to stabilize climate. This book will appeal to a wide readership of both academics and professionals working in the energy industry, as well as to general readers interested in the ongoing debate about oil prices"--
590			_aWessam
650		7	_aPetroleum products _xPrices. _2BUEsh _93504
651			_2BUEsh
653			_bBUSBOL _cNovember2016
700	1		_aRadetzki, Marian _941686
856	4	2	_3Cover image _uhttp://assets.cambridge.org/97811071/10014/cover/9781107110014.jpg
942			_2ddc _e22 _k338.2328 AGU
999			_c23229 _d23201