World Oil: Market or Mayhem?
从经济学视角解释世界石油市场的几个谜题，包括油价为何波动剧烈、2008年夏季油价飙升的原因、投机者的作用、OPEC的重要性、长期油价走势以及“石油峰值”问题，帮助读者理解石油市场动态。
Many observers regard the world oil market as a puzzle. Why are oil prices so volatile? Why did prices spike in the summer of 2008, and what role did speculators play? How important is OPEC? Where are oil prices headed in the long run? Is “peak oil” a genuine concern? Any attempt to answer these questions must be informed and disciplined by economics. We examine the evidence on each of these issues and provide an interpretation of developments in the world oil market from the perspective of economic theory.