@article{778564,
      recid = {778564},
      author = {Gkanoutas-Leventis, Angelos,},
      title = {Spikes and shocks : the financialisation of the oil market  from 1980 to the present day /},
      pages = {1 online resource},
      abstract = {This book suggests that price volatility and speculation  in the oil market originate from a decades-long process of  financialisation. The author contradicts mainstream  critical accounts of the market that typically invoke the  notion of a global oil shortage and so-called 'peak oil'  arguments. Instead, he argues that the development of the  market has been punctuated by recurring oil price shocks.  Chapters examine the evolution of the international oil  market and investigate how the process of financialisation  has transformed the structure and dynamics of the global  oil market from 1970 to the present. The book suggests that  the financialisation process is both the cause and the  proof of a profound change in the structure of the global  oil market that has turned the triangle of producers,  consumers, and mediators into a four-tier structure through  the addition of financial actors. Angelos  Gkanoutas-Leventis is a political economist with commercial  experience working for national and international oil  companies. He is very active in the development of the  hydrocarbon industry in the South East Mediterranean,  having founded the Greek Energy Forum. He is also a member  of the City Political Economy Research Centre (CITYPERC).  .},
      url = {http://library.usi.edu/record/778564},
      doi = {https://doi.org/10.1057/978-1-137-59461-7},
}