|Generate QR code
Open Access
Subscription Access
What Factors Influence the Oil Market Dynamics?
https://doi.org/10.32609/0042-8736-2009-2-90-104
Abstract
The paper reviews the main tendencies of the oil market over the last several years. Given that the explosive growth in crude oil prices during 2007 — the first half of 2008 was caused by speculations the current drop is not a temporary relief in the course of commodities super-cycle and the boom has come to an end. Crude oil prices’ ability to provide the sustainable development of the world economy seems to become the main principle of price formation during the foreseeable future.
About the Author
I. Podkolzina
Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO)
Russian Federation
Russian Federation
References
1. Base Metals: Putting the Super Cycle Theory to the Test // Brady Bulletin. 2006. Issue 8. Oct..
2. Global Economic Prospects 2009: Commodities at the Crossroads / World Bank. 2008. Dec.
3. Christian J. A Rational Alternative to the Commodities Super-cycle Theory // LME Week Supplement. 2005.
4. Deffeyes K. Hubbert's Peak: The Impending World Oil Shortage. Princeton, 2008.
5. Heap A. China - The Engine of a Commodities Super Cycle // Citigroup Smith Barney Report. 2005. March 31.
6. Hubbert M. K. Nuclear Energy and the Fossil Fuels/Shell Development Company. Publication No 95. Houston, 1956. June.
7. Peak Oil Theory — "World Running out of Oil Soon" - Is Faulty, Could Distort Policy & Energy Debate / Cambridge Energy Research Associates. 2006. Nov. 14.
8. Rogers J. Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market. N. Y., 2004.
9. The CRB Commodity Yearbook / Commodity Research Bureau. 2008.
10. Blas J. So Long, Super-cycle // Financial Times. 2008. Dec. 9.
Review
For citations:
Podkolzina I. What Factors Influence the Oil Market Dynamics? Voprosy Ekonomiki. 2009;(2):90-104. (In Russ.) https://doi.org/10.32609/0042-8736-2009-2-90-104
Views:
564
Email this article 
