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
Hauptverfasser: Gholz, Eugene, Press, Daryl G.
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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.
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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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