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来源类型 | Energy Comments |
规范类型 | 评论 |
Oil Markets in 2012: Calm or Turbulent Waters? | |
Bassam Fattouh | |
发表日期 | 2012-04-11 |
出版年 | 2012 |
页码 | 10 |
语种 | 英语 |
概述 | To most analysts, the combination of geopolitical and economic factors constitutes a ‘perfect storm’ that will keep an upward pressure on oil the price for the rest of 2012. The purpose of this short article is to broaden the debate and consider some potential weaknesses in the dominant story. The article will highlight three main […] |
摘要 | To most analysts, the combination of geopolitical and economic factors constitutes a ‘perfect storm’ that will keep an upward pressure on oil the price for the rest of 2012. The purpose of this short article is to broaden the debate and consider some potential weaknesses in the dominant story. The article will highlight three main points. First, the premises upon which the story of tightened market fundamentals is built are subject to a wide degree of uncertainty. Second, the channels expected to put an upward pressure on the oil price are not exogenous: they tend to interact with each other and are shaped in part by oil price behaviour. Finally, the feedback from policy circles seems to be different this time from that seen in the previous oil price cycle, and thus should not be ignored. This is not to say that dominant expectations of very tight market fundamentals may not materialize. They may well do, but this is not a foregone conclusion. |
主题 | Energy Policy ; Finance ; Oil ; Oil & Middle East Programme |
关键词 | Government Policy Feedbacks Oil Market Dynamics Spare Capacity Strategic Reserves Supply Shocks Uncertainty |
URL | https://www.oxfordenergy.org/publications/oil-markets-in-2012-calm-or-turbulent-waters/ |
来源智库 | Oxford Institute for Energy Studies (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312212 |
推荐引用方式 GB/T 7714 | Bassam Fattouh. Oil Markets in 2012: Calm or Turbulent Waters?. 2012. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
Oil-Markets-in-2012.(655KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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