Oil Leaders by Ibrahim AlMuhanna

Author:Ibrahim AlMuhanna
Language: eng
Format: epub
Tags: POL059000, Political Science/World/Middle Eastern, BUS070040, Business & Economics/Industries/Energy
Publisher: Columbia University Press
Published: 2022-05-17T00:00:00+00:00

Certainly, oil prices were also driven up throughout July 2008 by psychology; what professor Robert Shiller of Yale describes as “Contagious excitement about investment prospects.” It was almost like bets in a poker game, with a $200 prediction being raised by a $250 prediction, which would in turn be raised by a $500 prediction. It was all self-reinforcing, creating its own reality.7

The same psychological factors again affected falling prices at the end of July. The slump in the second half of 2008 was faster and deeper than the increase in the first half of the year had been. The price of oil fell to about $30 in December 2008, with some predictions that it could fall even lower.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.