The OPEC price escalations of 1973-74 and 1979-80 have had a crucial effect on the world economy and on international trade. Non-OPEC countries have had t o adjust to higher petroleum prices. They have tried to develop alternative energy resources and have invested in various energy conservation measures.
The major increases in oil prices during the 1970s caused many changes in the socio-economic map of the Middle East, including substantially increased financial flows to and from the oil economies. In a short time, the oil exporters became also capital exporters. Some of the financial institutions managing these flows had to establish a presence […]
OPEC Cycles and Crude Oil Market Dynamics https://t.co/pPZC2FIpWz
A new OIES paper proposes a new model for electricity market design: the insurer-of-last-resort model intended to p… https://t.co/DCUxMNAPCV
Decarbonized Market Design: An Insurance Overlay on Energy-Only Electricity Markets https://t.co/5ABluITTPn