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The research paper examines the significant impact of fluctuating crude oil prices on global economic performance, highlighting a dramatic rise from historical lows of $2.50-$3.00 per barrel in the 1960s to $89.82 today. It explores the causes of recent price spikes, primarily driven by demand, low excess capacity, and concerns over supply disruptions. The analysis addresses the effects on oil-importing countries, potential policy responses to stabilize economies, and the role of OPEC, emphasizing the volatility and uncertainty inherent in the oil market.
Buchkauf
Oil Price Developments Drivers, Economic Consequences and Policy Responses, Nadine Pahl, Anne Richter
- Sprache
- Erscheinungsdatum
- 2009
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- Titel
- Oil Price Developments Drivers, Economic Consequences and Policy Responses
- Sprache
- Englisch
- Autor*innen
- Nadine Pahl, Anne Richter
- Verlag
- GRIN Verlag
- Verlag
- 2009
- Einband
- Paperback
- Seitenzahl
- 80
- ISBN13
- 9783640303045
- Kategorie
- Politikwissenschaft
- Beschreibung
- The research paper examines the significant impact of fluctuating crude oil prices on global economic performance, highlighting a dramatic rise from historical lows of $2.50-$3.00 per barrel in the 1960s to $89.82 today. It explores the causes of recent price spikes, primarily driven by demand, low excess capacity, and concerns over supply disruptions. The analysis addresses the effects on oil-importing countries, potential policy responses to stabilize economies, and the role of OPEC, emphasizing the volatility and uncertainty inherent in the oil market.