Historical Oil Shocks
Historical Oil Shocks / James D. Hamilton. NBER, February 2011 (Working Paper No. 16790)
http://papers.nber.org/papers/w16790
This paper surveys the history of the oil industry with a particular focus on the events associated with significant changes in the price of oil. Although oil was used much differently and was substantially less important economically in the nineteenth century than it is today, there are interesting parallels between events in that era and more recent developments. Key post-World-War-II oil shocks reviewed include the Suez Crisis of 1956-57, the OPEC oil embargo of 1973-1974, the Iranian revolution of 1978-1979, the Iran-Iraq War initiated in 1980, the first Persian Gulf War in 1990-91, and the oil price spike of 2007-2008. Other more minor disturbances are also discussed, as are the economic downturns that followed each of the major postwar oil shocks. (© NBER)
OpenEdition vous propose de citer ce billet de la manière suivante :
Danièle Revel (3 mars 2011). Historical Oil Shocks. Veille énergie climat. Consulté le 4 octobre 2024 à l’adresse https://doi.org/10.58079/o8re
