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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Official URL: http://shop.ceps.eu/book/functioning-international...
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 (Including international arena) |
| 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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