The Vega Factor
Oil Volatility and the Next Global Crisis
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- 25,99 €
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- 25,99 €
Publisher Description
How oil volatility is affecting the global political scene, and where the oil market is heading
The world is rapidly moving towards an oil environment defined by volatility. The Vega Factor: Oil Volatility and the Next Global Crisis takes an in-depth look at the most important topics in the industry, including strategic risk, why traditional pricing mechanisms will no longer govern the market, and how the current government approaches have only worsened an already bad situation.
Details the industry's players, including companies, traders, and governments Describes the priorities that will need to be revised, and the policies needed to achieve stability Explains how today's oil market is fundamentally different from the pre-crisis market
Oil prices affect everyone. The Vega Factor explains the new international oil environment of increasing consolidation and decreasing competition, and reveals how consumers and investors can navigate price volatility and new government policies.
PUBLISHERS WEEKLY
On the basis of his expertise as an oil and gas consultant, Moors, a professor at Duquesne University, warns that we may be on the verge of another financial crisis even more serious than the real estate bubble. He explains that we are in the midst of a new round of speculation based on the manipulation of energy markets. According to Moors, the cause of this is not related to events in the Middle East or a putative shortage in oil. He shows that the price of oil and oil products in commodity markets has little to do with oil as a commodity. Given oil s massive function in the world economy, the result of this structural flaw could potentially be much more devastating than that of the sub-prime mortgage crisis. Oil futures contracts have become financial assets in their own right, and no longer serve the primary function as a means for oil producers dealing with short term fluctuations in demand. Moor offers original research on the relationship between pricing of crude oil and gasoline products in the US. He is deeply concerned that governments will not be able to solve the problems he believes are looming, but nevertheless purposes solutions of his own.
