Market madness: a century of oil panics, crises, and crashes
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Electronic eBook |
| Language: | English |
| Published: |
New York
Oxford University Press
[2015]
|
| Series: | Council on Foreign Relations
|
| Subjects: | |
| Online Access: | TUM01 Volltext |
| Physical Description: | 1 Online-Ressource (xix, 221 Seiten) |
| ISBN: | 0199990050 0199990069 9780199990054 9780199990061 |
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| 505 | 8 | |a "In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy. The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials. Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigate unnecessary price spikes and improve investor and government decision-making. The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"-- | |
| 505 | 8 | |a Includes bibliographical references and index | |
| 505 | 8 | |a Machine generated contents note: -- CHAPTER 1 -- Introduction -- CHAPTER 2 -- "A National Crisis of the First Magnitude" -- The United States Geological Survey in an Era of Booming Demand, 1909-1927 -- CHAPTER 3 -- "A New Era of Scarcity and Higher Prices" -- Wartime Demand and the End of American Self-Reliance in Oil, 1940-1949 -- CHAPTER 4 -- "A Problem Unprecedented in Our History" -- American Anxiety in the Age of OPEC, 1970-1986 -- CHAPTER 5 -- "A Permanent Radical Rise in Oil Prices" -- Peak Oil Takes Wall Street, 1998-2013 -- CHAPTER 6 -- Conclusion | |
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| contents | "In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy. The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials. Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigate unnecessary price spikes and improve investor and government decision-making. The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"-- Includes bibliographical references and index Machine generated contents note: -- CHAPTER 1 -- Introduction -- CHAPTER 2 -- "A National Crisis of the First Magnitude" -- The United States Geological Survey in an Era of Booming Demand, 1909-1927 -- CHAPTER 3 -- "A New Era of Scarcity and Higher Prices" -- Wartime Demand and the End of American Self-Reliance in Oil, 1940-1949 -- CHAPTER 4 -- "A Problem Unprecedented in Our History" -- American Anxiety in the Age of OPEC, 1970-1986 -- CHAPTER 5 -- "A Permanent Radical Rise in Oil Prices" -- Peak Oil Takes Wall Street, 1998-2013 -- CHAPTER 6 -- Conclusion |
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| discipline | Wirtschaftswissenschaften |
| era | Geschichte gnd |
| era_facet | Geschichte |
| format | Thesis Electronic eBook |
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| spelling | Clayton, Blake C. 1982- Verfasser (DE-588)1068172797 aut Market madness a century of oil panics, crises, and crashes Blake C. Clayton New York Oxford University Press [2015] © 2015 1 Online-Ressource (xix, 221 Seiten) txt rdacontent c rdamedia cr rdacarrier Council on Foreign Relations Dissertation Oxford University [2014?] "In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy. The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials. Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigate unnecessary price spikes and improve investor and government decision-making. The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"-- Includes bibliographical references and index Machine generated contents note: -- CHAPTER 1 -- Introduction -- CHAPTER 2 -- "A National Crisis of the First Magnitude" -- The United States Geological Survey in an Era of Booming Demand, 1909-1927 -- CHAPTER 3 -- "A New Era of Scarcity and Higher Prices" -- Wartime Demand and the End of American Self-Reliance in Oil, 1940-1949 -- CHAPTER 4 -- "A Problem Unprecedented in Our History" -- American Anxiety in the Age of OPEC, 1970-1986 -- CHAPTER 5 -- "A Permanent Radical Rise in Oil Prices" -- Peak Oil Takes Wall Street, 1998-2013 -- CHAPTER 6 -- Conclusion Geschichte gnd rswk-swf BUSINESS & ECONOMICS / Industries / General bisacsh Energy consumption fast Energy policy fast Petroleum industry and trade fast Petroleum reserves fast Geschichte Industrie Wirtschaft Petroleum industry and trade United States History Petroleum reserves United States History Energy consumption United States History Energy policy United States History Energiepolitik (DE-588)4014715-0 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Energiepolitik (DE-588)4014715-0 s USA (DE-588)4078704-7 g Geschichte z 1\p DE-604 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=916671 Aggregator Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Clayton, Blake C. 1982- Market madness a century of oil panics, crises, and crashes "In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy. The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials. Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigate unnecessary price spikes and improve investor and government decision-making. The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"-- Includes bibliographical references and index Machine generated contents note: -- CHAPTER 1 -- Introduction -- CHAPTER 2 -- "A National Crisis of the First Magnitude" -- The United States Geological Survey in an Era of Booming Demand, 1909-1927 -- CHAPTER 3 -- "A New Era of Scarcity and Higher Prices" -- Wartime Demand and the End of American Self-Reliance in Oil, 1940-1949 -- CHAPTER 4 -- "A Problem Unprecedented in Our History" -- American Anxiety in the Age of OPEC, 1970-1986 -- CHAPTER 5 -- "A Permanent Radical Rise in Oil Prices" -- Peak Oil Takes Wall Street, 1998-2013 -- CHAPTER 6 -- Conclusion BUSINESS & ECONOMICS / Industries / General bisacsh Energy consumption fast Energy policy fast Petroleum industry and trade fast Petroleum reserves fast Geschichte Industrie Wirtschaft Petroleum industry and trade United States History Petroleum reserves United States History Energy consumption United States History Energy policy United States History Energiepolitik (DE-588)4014715-0 gnd |
| subject_GND | (DE-588)4014715-0 (DE-588)4078704-7 (DE-588)4113937-9 |
| title | Market madness a century of oil panics, crises, and crashes |
| title_auth | Market madness a century of oil panics, crises, and crashes |
| title_exact_search | Market madness a century of oil panics, crises, and crashes |
| title_full | Market madness a century of oil panics, crises, and crashes Blake C. Clayton |
| title_fullStr | Market madness a century of oil panics, crises, and crashes Blake C. Clayton |
| title_full_unstemmed | Market madness a century of oil panics, crises, and crashes Blake C. Clayton |
| title_short | Market madness |
| title_sort | market madness a century of oil panics crises and crashes |
| title_sub | a century of oil panics, crises, and crashes |
| topic | BUSINESS & ECONOMICS / Industries / General bisacsh Energy consumption fast Energy policy fast Petroleum industry and trade fast Petroleum reserves fast Geschichte Industrie Wirtschaft Petroleum industry and trade United States History Petroleum reserves United States History Energy consumption United States History Energy policy United States History Energiepolitik (DE-588)4014715-0 gnd |
| topic_facet | BUSINESS & ECONOMICS / Industries / General Energy consumption Energy policy Petroleum industry and trade Petroleum reserves Geschichte Industrie Wirtschaft Petroleum industry and trade United States History Petroleum reserves United States History Energy consumption United States History Energy policy United States History Energiepolitik USA Hochschulschrift |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=916671 |
| work_keys_str_mv | AT claytonblakec marketmadnessacenturyofoilpanicscrisesandcrashes |