TY  - BOOK
AU  - Clayton,Blake C.
TI  - Market Madness: A Century of Oil Panics, Crises, and Crashes
SN  - 9780199990061
AV  - HD9560.5 -- .C5675 2015eb 
U1  - 338.2/72820973 
PY  - 2015///
CY  - Oxford
PB  - Oxford University Press, Incorporated
KW  - Energy consumption - United States - History
KW  - Electronic books
N1  - Intro -- Contents -- Preface -- Acknowledgments -- 1. Introduction -- 2. "A National Crisis of the First Magnitude": The United States Geological Survey in an Era of Booming Demand, 1909-1927 -- 3. "A New Era of Scarcity and Higher Prices": Wartime Demand and the End of American Self-Reliance in Oil, 1940-1949 -- 4. "A Problem Unprecedented in Our History": American Anxiety in the Age of OPEC, 1970-1986 -- 5. "A Permanent Radical Rise in Oil Prices": Peak Oil Descends on Wall Street, 1998-2013 -- 6. Conclusion -- Notes -- Bibliography -- Index
N2  - In Market Madness: A Century of Oil Panics, Crises, and Crashes, Blake Clayton uses four historical case studies to document claims about the future of the U.S. oil supply and discuss their impact on the market and policymaking. 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 takes an innovative approach commonly used to assess the role of "irrational exuberance" in the technology and housing markets to determine how unfounded pessimism affects markets in oil and other exhaustible resources. 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 Washington about energy markets and resources, and the value of greater transparency in financial transactions in commodities markets
UR  - https://ebookcentral.proquest.com/lib/orpp/detail.action?docID=1876202
ER  -