Name: Petromania: Black Gold, Paper Barrels and oil Price Bubbles (en Inglés)
Price: 85549.00 COP
Availability: InStock
Author: Daniel O'sullivan
ISBN: 9780857194169

portada Petromania: Black Gold, Paper Barrels and oil Price Bubbles (en Inglés)

Formato

Libro Físico

Editorial

Harriman House

Autor

Daniel O'sullivan

Año

2014

Idioma

Inglés

N° páginas

306

Encuadernación

Tapa Blanda

ISBN13

9780857194169

Categorías

Inversiones

Petromania: Black Gold, Paper Barrels and oil Price Bubbles (en Inglés)

Daniel O'sullivan (Autor) · Harriman House · Tapa Blanda

Libro Físico

$ 85.549

$ 171.099

Ahorras: $ 85.549

50% descuento

Envío normal

Origen: Reino Unido (Costos de importación incluídos en el precio)

Se enviará desde nuestra bodega entre el Jueves 16 de Mayo y el Miércoles 22 de Mayo.

Lo recibirás en cualquier lugar de Colombia entre 1 y 5 días hábiles luego del envío.

Reseña del libro "Petromania: Black Gold, Paper Barrels and oil Price Bubbles (en Inglés)"

The spike in the oil price to almost $150 per barrel in summer 2008 was the last great excess of the crazed noughties bull markets, staged even as stock markets crumbled worldwide. Contrary to entrenched establishment opinion still embraced by many, 'Petromania' proves this oil price blowout was a classic speculative bubble, but driven primarily by new modes of financial speculation. Demolishing widespread, oft-repeated but incorrect arguments that such trade in paper barrels cannot move oil prices, 'Petromania' details how this financialisation of the oil markets meshed with other trends to create a moment that saw investment banks and hedge funds collectively wield more power over the price of black gold than OPEC or any multinational oil company. It also shows how regulatory blindness to the 'dark matter' of modern finance caused so many to confuse fantasy with reality for so long. 'Petromania' matters not just because fortunes were won and lost in oil's dizzying ascent and crash, but because this bubble spelled misery for ordinary people worldwide, destabilised developing world governments, and delayed interest rate cuts desperately needed to address the ongoing global recession. 'Petromania' matters because while all eyes are on the crippled banking system, we risk ignoring valuable lessons about twenty-first century markets from this other great boom-and-bust - even as the forces that blew the bubble are once again at work. And 'Petromania', this tale of black gold, dark matter and paper barrels, is written by one of the few commentators who correctly called the bubble before it burst.