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The Price of Oil

Author

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  • Aguilera,Roberto F.
  • Radetzki,Marian

Abstract

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.

Suggested Citation

  • Aguilera,Roberto F. & Radetzki,Marian, 2015. "The Price of Oil," Cambridge Books, Cambridge University Press, number 9781107110014.
    • Handle: RePEc:cup:cbooks:9781107110014
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    Citations

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    Cited by:

    1. Roberto F. Aguilera & Roberto Aguilera, 2018. "Revisiting the long-run energy mix with the global energy market model (GEM)," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 221-227, May.
    2. Ansari, Dawud, 2017. "OPEC, Saudi Arabia, and the shale revolution: Insights from equilibrium modelling and oil politics," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 111, pages 166-178.
    3. Ames, Matthew & Bagnarosa, Guillaume & Matsui, Tomoko & Peters, Gareth W. & Shevchenko, Pavel V., 2020. "Which risk factors drive oil futures price curves?," Energy Economics, Elsevier, vol. 87(C).
    4. Durand-Lasserve, Olivier & Pierru, Axel, 2021. "Modeling world oil market questions: An economic perspective," Energy Policy, Elsevier, vol. 159(C).
    5. Thorvaldur Gylfason, 2018. "Political economy, Mr. Churchill, and natural resources," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 23-34, May.
    6. Mark Jaccard & James Hoffele & Torsten Jaccard, 2018. "Global carbon budgets and the viability of new fossil fuel projects," Climatic Change, Springer, vol. 150(1), pages 15-28, September.
    7. Anton Löf & Magnus Ericsson & Olof Löf, 2022. "Marine mining and its potential implications for low- and middle-income countries," WIDER Working Paper Series wp-2022-170, World Institute for Development Economic Research (UNU-WIDER).

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