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Beyond Market Assumptions: Oil Price as a Global Institution (Hardcover, 1st ed. 2020)
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Beyond Market Assumptions: Oil Price as a Global Institution (Hardcover, 1st ed. 2020)
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This book defines oil price as a social institution that exists
beyond supply-demand mechanisms. Discussing oil markets in the
context of the broader sociology of prices, it covers a number of
theoretical and practical dimensions, such as new market
uncertainties and trends, and social perceptions of energy security
and of power. Further, based on case studies it explores the
implications for OPEC, Russia, and Central and Eastern Europe, as
well as for the energy transition and for international investment
arbitration. Featuring contributions from leading academics,
researchers and business professionals, the book offers an
interdisciplinary perspective on the oil price. "This book brings
together an impressive team of scholars with fresh perspectives on
the oil price. Even as the world attempts energy transition, oil
consumption continues and the oil price is likely to become even
more unpredictable and unclear than in the past. This book helps
make sense of this challenging topic." -Indra Overland is a
Research Professor and Head of Centre for Energy Research,
Norwegian Institute of International Affairs (NUPI) "A revealing
and multidimensional analysis of oil price fluctuations in a market
that seeks less uncertainty. This book discusses market and price
evolution in the context of market theories, history and real-time
market analysis. A welcome and timely contribution to our
understanding of global energy markets." Dr. Sara Vakhshouri is
Founder and President of SVB Energy International and Professor of
Energy Security at the Institute of World Politics.
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