Petromania: Black Gold, Paper Barrels and Oil Price Bubbles

by Daniel O'Sullivan

Book Overview

The spike in the oil price to almost $150 per barrel in summer 2008 was the last great excess of the crazed noughties bull markets, staged even as stock markets crumbled worldwide. Contrary to entrenched establishment opinion still embraced by many, 'Petromania' proves this oil price blowout was a classic speculative bubble, but driven primarily by new modes of financial speculation. Demolishing widespread, oft-repeated but incorrect arguments that...

• Format: Hardcover
• Language: English
• ISBN: 1906659249
• ISBN13: 9781906659240
• Release Date: November 2009
• Publisher: Harriman House
• Length: 293 Pages
• Weight: 1.50 lbs.
• Dimensions: 1.2" x 6.4" x 9.2"
• Grade Range: Postsecondary and higher