04112nam 22006255 450 991015618520332120251212155315.09781137594617113759461610.1057/978-1-137-59461-7(PPN)292560192(CKB)3710000000985350(DE-He213)978-1-137-59461-7(MiAaPQ)EBC4772427(Perlego)3498464(EXLCZ)99371000000098535020161220d2017 u| 0engurnn#008mamaatxtrdacontentcrdamediacrrdacarrierSpikes and Shocks The Financialisation of the Oil Market from 1980 to the Present Day /by Angelos Gkanoutas-Leventis1st ed. 2017.London :Palgrave Macmillan UK :Imprint: Palgrave Macmillan,2017.1 online resource (XIII, 157 p. 4 illus.)9781137594600 1137594608 Includes bibliographical references at the end of each chapters and index.Chapter 1) Introduction -- Chapter 2) The History of the Oil Market until the 1980s -- Part 1) Conceptualising Financialisation -- Chapter 3) the Many Faces of Financialisation -- Chapter 4) Finance and the Oil Market: Introducing a Comprehensive Approach to analysing the Financialisation Process -- Part 2) The Three Phases of Oil Financialisation -- Chapter 5) Oil Products and Oil-Based Financial Products -- Chapter 6) Oil Shocks as Barometers of the Financialisation Process -- Chapter 7) The Three Phases of Oil Financialisation : Early Financialisation (1980-1999) -- Chapter 8) The Three Phases of Oil Financialisation: Low Financialisation (1999-2002) -- Chapter 9) The Three Phases of Financialisation: Advanced Financialisation (2002-2015) -- Part 3: Financialisation of Oil Market and Evolution of Oil Market’s Actor Structure -- Chapter 10) Financialisation of the Oil Market: The Four Actor Structure -- Chapter 11) Epilogue.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). .Capital marketFinanceHistoryEconomic historyFinancial services industryCapital MarketsFinancial HistoryEconomic HistoryFinancial ServicesCapital market.Finance.History.Economic history.Financial services industry.Capital Markets.Financial History.Economic History.Financial Services.332.0415Gkanoutas-Leventis Angelosauthttp://id.loc.gov/vocabulary/relators/aut914207BOOK9910156185203321Spikes and Shocks2048286UNINA