Blake C Clayton

Market Madness

A Century of Oil Panics, Crises, and Crashes

• Gebundenes Buch

Produktbeschreibung

In Market Madness: A Century of Oil Panics, Crises, and Crashes, Blake Clayton uses four historical case studies to document claims about the future of the U.S. oil supply and discuss their impact on the market and policymaking. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He takes an innovative approach commonly used to assess the role of "irrational exuberance" in the technology and housing markets to determine how unfounded pessimism affects markets in oil and other exhaustible resources.

Produktdetails

• Verlag: Oxford University Press
• Seitenzahl: 248
• Erscheinungstermin: 2. Februar 2015
• Englisch
• Abmessung: 236mm x 157mm x 23mm
• Gewicht: 454g
• ISBN-13: 9780199990054
• ISBN-10: 0199990050
• Artikelnr.: 47866236

Autorenporträt

Blake Clayton is a member of the Integrated Oil and Gas equity research team at Citigroup. Prior to joining Citigroup, Dr. Clayton was a fellow on energy at the Council on Foreign Relations, where he currently serves as an adjunct fellow. Dr. Clayton received a doctorate from Oxford University, where he studied business economics and strategy. The recipient of the University of Chicago Endowed Fellowship, he holds dual master's degrees from the University of Chicago and Cambridge University.

Inhaltsangabe

* 1. Introduction
* 2. "A National Crisis of the First Magnitude": The United States
Geological Survey in an Era of Booming Demand, 1909-1927
* 3. "A New Era of Scarcity and Higher Prices": Wartime Demand and the
End of American Self-Reliance in Oil, 1940-1949
* 4. "A Problem Unprecedented in Our History": American Anxiety in the
Early Days of OPEC, 1970-1986
* 5. "A Permanent Radical Rise in Oil Prices": Peak Oil Takes Wall
Street, 1998-2013
* 6. Conclusion