Spikes and Shocks The Financialisation of the Oil Market from 1980 to the Present Day /

• Main Author: Gkanoutas-Leventis, Angelos (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan, 2017.
• Subjects: Finance.; Investment banking.; Securities.; Capital market.; Finance > History.; Economic history.; Capital Markets.; Financial History.; Economic History.; Investments and Securities.

This book suggests that price volatility and speculation in the oil market originate from a decades-long process of financialisation. The author contradicts mainstream critical accounts of the market that typically invoke the notion of a global oil shortage and so-called ‘peak oil’ arguments. Instea...