Supply instability and oil market behavior

Jacoby, Henry D.; Paddock, James Lester

dc.contributor.author	Jacoby, Henry D.
dc.contributor.author	Paddock, James Lester
dc.date.accessioned	2006-12-19T16:46:52Z
dc.date.available	2006-12-19T16:46:52Z
dc.date.issued	1979-11
dc.identifier.other	06526477
dc.identifier.uri	http://hdl.handle.net/1721.1/35228
dc.description.abstract	This paper analyzes the disruption in world oil markets which was triggered by the 1978-79 Iranian revolution. The resultant price rises are explored in the context of the behavior of the spot market and key OPEC countries. In particular, the economic and political roles of excess oil supply in the Persian Gulf nations are discussed. Conclusions for the likely future are presented, along with the implications for United States policy.	en
dc.description.sponsorship	NSF grant no. DAR 78-19044.	en
dc.format.extent	1494647 bytes
dc.format.mimetype	application/pdf
dc.language.iso	en_US	en
dc.publisher	MIT Energy Laboratory	en
dc.relation.ispartofseries	MIT-EL	en
dc.relation.ispartofseries	79-033WP	en
dc.subject	Petroleum industry and trade.	en
dc.subject	Petroleum products \|x Prices.	en
dc.title	Supply instability and oil market behavior	en
dc.type	Working Paper	en