Supply instability and oil market behavior
Name
MIT-EL-79-033WP-06526477.pdf
Size
1.43 MB
Format
Adobe PDF
Checksum (MD5)
dcb113fce2b5375d400d42fa4f5016ce
Author(s)
Jacoby, Henry D.
Paddock, James Lester
Date Issued
November 1979
Publisher
MIT Energy Laboratory
Series/Report no.
MIT-EL
79-033WP
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.
Subjects
Petroleum industry and trade.
Petroleum products |x Prices.
Persistent DSpace Link
