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Energy Market Consequences of An Emerging U.S. Energy and Climate Policy

 Amy Myers Jaffe and Kenneth B Medlock III
  23rd-Mar-2010
Description: Long oil price increased and perception of the “floor” price changed. Why did the long oil price move upwards? In past cycles, demand growth has not returned to the same growth pace as soon as the global economy bounces. Demand slump leads to supplemental OPEC spare capacity which in the past has capped prices. This cycle was accompanied by expansion into market of financial players who are investing in oil commodity markets based on stimuli other than oil market fundamentals.
Views: 3462
Domain: Energy
Category: Fossil Fuel/Nuclear
Contents:
Energy Market Consequences of An Emerging U.S. Energy and
Climate Policy

Amy Myers Jaffe
and
Kenneth B Medlock III

Baker Institute
Roundtable

James A. Baker III
Institute for Public Policy,
Rice University

March 2, 2010

Long oil price increased and perception of the “floor” price changed
Why did the long oil price move upwards?
Pessimism about level of NOC investment in new capac ... See more

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