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384 Results
Energy Market Cycles
Under this study, the Baker Institute will embark on a comprehensive study on the interaction of the oil investment cycle and the general business cycle, including consideration of how the global economy and patterns of industry capital investment are influenced by oil price shocks.
August 20, 2013
Oil rig
Speculation, Fundamentals, and the Price of Crude Oil
The causes and consequences of rising oil price over the past decade have been the subject of much debate. The role of speculation in financial markets has come increasingly under the microscope, with many economists arguing that in commodity markets such as oil, inventory adjustment should prevent speculative pressures from unduly influencing price. This paper investigates whether speculative pressures can exert an influence on the price of storable commodities, such as crude oil and natural gas.
Kenneth B. Medlock III August 5, 2013