Publications: The Petroleum Economics Monthly
The Strait of Hormuz: Of Diminished Importance (December 2011)
The title of this month’s report, “The Strait of Hormuz: Of Diminished Importance,” was meant to catch readers’ attention. Our thesis is quite simple: the strait’s importance to the global economy is declining rapidly. This conclusion will shock many, especially the retired generals and security types who have for years populated nonprofit research organizations such as Washington’s ubiquitous Center for Strategic and International Studies. These people have written countless papers and books on the threat to the global economy created by large oil volumes passing through Hormuz. In reality, the stature of Hormuz, while still important, has diminished. In future, the strait will be even less vital to the world oil market. For this reason, those following the market need to review the role of Middle Eastern oil, policies toward countries in the region, and the real—as opposed to perceived—threats linked to the loss of this shipping route.
To read more, please view the summary PDF provided here. To request subscription information for The Petroleum Economics Monthly, please 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)