Crude volatility the history and the future of boom-bust oil prices

Main Author: McNally, Robert, 1963- (Author)
Format: Books Print Book
Language: English
Published: New York : Columbia University Press, [2017]
Series: Center on Global Energy Policy series
Subjects:
Table of Contents:
  • 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 cartelization (1934-1972)
  • The birth of OPEC: 1960-1969
  • The transformational seventies, part two: 1970-1980
  • OPEC's rude awakening: 1981-1990
  • OPEC muddles through: 1991-2003
  • Twilight: OPEC's power to prevent price spikes ebbs and vanishes: 2004-2008
  • Oil's third boom-bust era: 2009-?
  • Epilogue: a challenge with no easy solution.