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The functioning of the international oil markets and its security implications. CEPS Working Document No. 351, May 2011

Luciani, Giacomo. (2011) The functioning of the international oil markets and its security implications. CEPS Working Document No. 351, May 2011. [Working Paper]

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    Abstract

    The paper discusses the link between security of oil supplies and the functioning of international oil markets. It is argued that wide and frequent variations in price are in themselves a source of insecurity for individual consumers and national economies alike. Furthermore, the impossibility of predicting future prices discourages investment and increases the fragility of the system. The paper puts forward several policy proposals to reduce excessive price fluctuations and improve security of supply at reliable prices.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Working Documents
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 Jun 2011 21:09
    Number of Pages: 20
    Last Modified: 08 Jun 2011 21:09
    URI: http://aei.pitt.edu/id/eprint/32060

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