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020 _a9780199990061
_q(electronic bk.)
020 _z9780199990054
035 _a(MiAaPQ)EBC1876202
035 _a(Au-PeEL)EBL1876202
035 _a(CaPaEBR)ebr10991530
035 _a(CaONFJC)MIL671403
035 _a(OCoLC)897379025
040 _aMiAaPQ
_beng
_erda
_epn
_cMiAaPQ
_dMiAaPQ
050 4 _aHD9560.5 -- .C5675 2015eb
082 0 _a338.2/72820973
100 1 _aClayton, Blake C.
245 1 0 _aMarket Madness :
_bA Century of Oil Panics, Crises, and Crashes.
250 _a1st ed.
264 1 _aOxford :
_bOxford University Press, Incorporated,
_c2015.
264 4 _c©2015.
300 _a1 online resource (249 pages)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
505 0 _aIntro -- 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.
520 _aIn 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.
588 _aDescription based on publisher supplied metadata and other sources.
590 _aElectronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
650 0 _aEnergy consumption - United States - History.
655 4 _aElectronic books.
776 0 8 _iPrint version:
_aClayton, Blake C.
_tMarket Madness
_dOxford : Oxford University Press, Incorporated,c2015
_z9780199990054
797 2 _aProQuest (Firm)
856 4 0 _uhttps://ebookcentral.proquest.com/lib/orpp/detail.action?docID=1876202
_zClick to View
999 _c43804
_d43804