This blog is dedicated to discuss the political economy of oil markets with a critical and historical approach. Oil has become a unique commodity in modern capitalism. Its market has been driven by transnational corporations and financial markets speculation. Articles, papers and personal comments on the global oil market framework, its fundamentals, supply and demand, cartels, imperialist policies, and the underlain class struggle issues are being daily gathered.
In the 2005 World Economic Outlook published by the IMF, globalization and external imbalances are discussed. There is a special chapter dedicated to the oil market volatility .
posted by Aberto Handfas | 10:30 AM
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