Introduction -- A Primer on the Oil Industry -- The Legacy of Oil: 1858-2000 -- The Oil Market, 2000-2014: Rising Prices and the Perils of Profit -- The Politics, Geopolitics, and Global Governance of Oil: 2000-2014 -- The Politics and Markets of a Price Fall: 2014-2019 -- 2020 and Beyond: Oil...

Thomas Seifert und Klaus Werner haben jahrelang den Einfluss der Öl-Lobby und die Zusammenhänge zwischen Erdöl und Politik recherchiert. Der steigende Ölpreis, der hohe Energieverbrauch der westlichen Welt und nunmehr auch Chinas, die Rolle der USA und neue Allianzen zum Zweck der...

Introduction: the Texas paradox -- And then there was light: from chaos to order in the kerosene era (1859-1911) -- No Rockefeller, no peace: boom-bust returns (1912-1933) -- Why are oil prices prone to boom bust cycles? -- The Texas era of price stability: US supply controls and international...

In this study, it is discussed whether this crisis is the hegemony war of USA or not, by moving from the idea that the crisis experienced recently can be considered as a great depression. In this discussion, the theoretical structure of the great depression and the historical dimension of the...

This is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today—the biggest commodity market in the world. It is mature and complex, but far from perfect. Throughout most of its 150-year history, the oil...

Chapter 1: Introduction -- Chapter 2: Oil, Policy and Market Power -- Chapter 3: Looking at the Mirror: Early Days of the Oil Markets in the United States -- Chapter 4: From Competition to Monopoly -- Chapter 5: From Monopoly to Competition (Oil Markets Going Global) -- Chapter 6: Governments...

This paper provides an analysis of the link between the oil market and the U.S. stock market returns at the aggregate as well as industry levels. We empirically model oil price changes as driven by speculative demand shocks along with consumption demand and supply shocks in the oil market. We...

It has been forty years since the oil crisis of 1973/74. This crisis has been one of the defining economic events of the 1970s and has shaped how many economists think about oil price shocks. In recent years, a large literature on the economic determinants of oil price fluctuations has emerged....