The Vega Factor : Oil Volatility and the Next Global Crisis / Kent Moors.

Format:

Book

Author/Creator:

Moors, Kent, 1948- author.

Language:

English

Subjects (All):

Petroleum products--Prices.

Petroleum products.

Petroleum industry and trade.

Petroleum reserves--Political aspects.

Petroleum reserves.

Physical Description:

xii, 431 pages : illustrations ; 24 cm

Place of Publication:

Hoboken, New Jersey : Wiley, [2011]

Summary:

"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"-- Provided by publisher.

Contents:

Chapter 1 The Meaning of Oil Vega 1

Chapter 2 How Oil Volatility Relates to Strategic Risk 15

Chapter 3 Determining Oil Prices 37

Chapter 4 Dollars, Credit, Financial Crises, ... and the Oil Connection 57

Chapter 5 Oil Companies and the Upstream/Downstream Tradeoff 101

Chapter 6 How Government Action Increases Volatility 141

Chapter 7 Is There a Response? 179.

Notes:

Includes bibliographical references and index.

ISBN:

9780470602089

0470602082

OCLC:

676726337

Online:

Cover image