Spikes and Shocks

The Financialisation of the Oil Market from 1980 to the Present Day

Authors: Gkanoutas-Leventis, Angelos

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  • Offers an analysis of the increasing role and influence of financial actors and financial motives on oil markets
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  • Provides a timely contribution to the fields of oil economics, financial economics, socio-economics and sociology of finance
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  • Challenges mainstream critiques of the nature of oil markets
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  • ISBN 978-1-137-59461-7
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Hardcover 51,99 €
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About this book

This book proposes that price volatility and speculation in the oil market originate from a decades-long process of financialisation. The author challenges mainstream critical accounts of the market that typically invoke the notion of a global oil shortage and so-called ‘peak oil’ arguments. Instead, he argues that the development of the market has been punctuated by recurring oil price shocks. Chapters examine the evolution of the international oil market and investigate how, and to what effect, the process of financialisation has transformed the structure and dynamics of the global oil market from 1980 to the present day.  In doing so, the book suggests that the process of financialisation is both the cause and the proof of a profound change in the structure of the global oil market, that has turned the triangle of producers, consumers, and mediators that characterised the oil market until the 1980s into a four-tier structure through the addition of financial actors.

About the authors

Angelos Gkanoutas-Leventis is a political economist with commercial experience working for national and international oil companies. He is very active in the development of the hydrocarbon industry in the South East Mediterranean, having founded the Greek Energy Forum. He is also a member of the City Political Economy Research Centre (CITYPERC). 


Table of contents (11 chapters)

Table of contents (11 chapters)

Buy this book

eBook 41,64 €
price for Spain (gross)
  • ISBN 978-1-137-59461-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 51,99 €
price for Spain (gross)
  • ISBN 978-1-137-59460-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules

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Bibliographic Information

Bibliographic Information
Book Title
Spikes and Shocks
Book Subtitle
The Financialisation of the Oil Market from 1980 to the Present Day
Authors
Copyright
2017
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-59461-7
DOI
10.1057/978-1-137-59461-7
Hardcover ISBN
978-1-137-59460-0
Edition Number
1
Number of Pages
XIII, 157
Number of Illustrations
4 b/w illustrations
Topics