Enduring Resilience: How Oil Markets Handle Disruptions
Plentiful spare capacity persists in the oil production and tanker industries, contrary to Michael Levi's contention in his response to our earlier article, "Protecting 'The Prize.' " OPEC leaders retain excess capacity to minimize cartel members' cheating, and tanker c...
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Veröffentlicht in: | Security studies 2013-01, Vol.22 (1), p.139-147 |
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description | Plentiful spare capacity persists in the oil production and tanker industries, contrary to Michael Levi's contention in his response to our earlier article, "Protecting 'The Prize.' " OPEC leaders retain excess capacity to minimize cartel members' cheating, and tanker companies retain considerable flexibility that allows them to adapt to political-military and other fluctuations in the market. Oil supplies are not on a knife-edge; exaggerated claims of energy vulnerability distort U.S. national security policy. |
doi_str_mv | 10.1080/09636412.2013.757167 |
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source | PAIS Index; Worldwide Political Science Abstracts; Alma/SFX Local Collection |
subjects | Cartels Cheating Common Foreign and Security Policy Economic fluctuations Energy Policy Energy resources Enterprises Industry International Economic Organizations Markets Military National defense National Security Oil market Organization of petroleum exporting countries Petroleum Petroleum industry Petroleum production Power generation Production Production capacity U.S.A |
title | Enduring Resilience: How Oil Markets Handle Disruptions |
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