Publications: The Petroleum Economics Monthly
Oil's Subprime Crisis (January-February 2016)
This double issue of The Petroleum Economics Monthly compares the subprime mortgage collapse that led to the 2009 Great Recession and the more recent collapse in crude oil prices. The evidence suggests the two events share many characteristics. The comparison also leads to the stark conclusion that the energy sector will experience similar consequences, including many financial failures, investor revulsion, and years of very low investment activity. The consequence will be a long period of very volatile price fluctuations around the long-term mean, which is $34 per barrel in today’s prices.
To view or download the report summary, please use the link below. To request subscription information for The Petroleum Economics Monthly, Contact Us or send us an Information Request.
- The Petroleum Economics Monthly
- The Failure of Traditional Oil Market Fu...
- Will Investor Aversion Bring Higher Oil ...
- The Hedge Fund War on Fracking (August 2...
- IMO 2020: Implications for Crude (Januar...
- Understanding Price Behavior During Oil ...
- $200 Crude, the Economic Crisis of 2020,...
- IMO 2020: Economic Prospects (June/July ...
- Brent Is Dated (November/December 2017)
- The United States: Center of the Global ...
- A Tale of Two Markets (September 2017)
- The Triumph of Markets (August 2017)
- Twilight of Big Energy (July 2017)
- Failure to Learn from History: The Produ...
- A Lesson in Disruption (May 2017)
- Putting a Finger in the Oil Market Dike ...
- Oil's Johnny One-Note (March 2017)
- The Don Quixotes of Oil (February 2017)
- Markets Take Over (January 2017)