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Why did oil prices rise in the summer of 2008?
How did the 2008 financial crisis affect oil & gas prices?
Why are oil prices so volatile in 2008?
Why did natural gas prices fall in 2008?
Sep 28, 2022 · The 2008 financial crisis and Great Recession induced a bear market in oil and gas, sending the price of a barrel of crude oil from $133.88 to $39.09 in just a less than a year. The...
Nov 5, 2009 · Why did oil prices spike in 2008, and what role (if any) did speculators play? Perhaps a useful starting point is to observe that, while 2008 exhibits an extraordinarily large price swing, volatility in oil prices is ordinarily quite high because the underlying demand and supply curves are so inelastic.
The simple fact is that the bottom half of American income earners are losing oil consuming power to the top quarter of Chinese income earners and the top one tenth of...
Jun 16, 2009 · Past oil price spikes associated with Middle East conflicts and OPEC embargos were each followed by a global economic recession. This column argues that the onset of the current economic downturn of is also partly attributable to a sharp increase in the price of oil.
Start from a very simple fact. The price of crude oil in the summer of 2008 should be $70 per barrel, not $140. The rise from $70 to $140 has not been caused by a shortage. In-stead it has resulted from bad policies, bad luck, and incredible inattention to market de-tails by certain officials.
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In November 2008, as prices fell below $60 a barrel, the IEA warned that falling prices could lead to both a lack of investment in new sources of oil and a fall in production of more-expensive unconventional reserves such as the oil sands of Canada. The IEA's chief economist warned, "Oil supplies in the future will come more and more from ...
Sep 19, 2024 · Whereas previous oil price shocks were primarily caused by physical disruptions of supply, the price run-up of 2007–08 was caused by strong demand confronting stagnating world...
