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The oil price really is a speculative bubble

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dc.contributor.author Eckaus, Richard S. en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. en_US
dc.date.accessioned 2009-05-13T20:35:26Z
dc.date.available 2009-05-13T20:35:26Z
dc.date.issued 2008 en_US
dc.identifier 2008-007 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/45521
dc.description.abstract The oil price really is a speculative bubble. Yet only recently has the U.S. Congress, for example, showed recognition that this might even be a possibility. In general there seems to be a preference for the claim that the price increases are the result of basic economic forces: rapid growth in consumption, pushed particularly by the oil appetites of China and India, the depreciation of the U.S. dollar, real supply limitations, current and prospective and the risks of supply disruption, especially in the Middle East. These "explanations" will be taken up one by one, but first a view of what has happened to oil prices over recent years. en_US
dc.format.extent 9 p en_US
dc.publisher MIT Center for Energy and Environmental Policy Research en_US
dc.relation.ispartofseries MIT-CEEPR (Series) ; 08-007WP. en_US
dc.title The oil price really is a speculative bubble en_US
dc.type Working Paper en_US
dc.identifier.oclc 244445413 en_US


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