La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)

La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)

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<p>Shale oil exhibits structural characteristics that set it apart from ‘traditional’ oil, such as the shorter time required to build new plants, the shorter duration of the investment, and a lower ratio of fixed to variable costs. These differences imply a lower degree of oligopolistic contro...

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Bibliographic Details
Main Author: Alessandro Roncaglia
Format: Article
Language:Italian
Published: Associazione Economia civile 2017-07-01
Series:Moneta e Credito
Subjects:
Shale Oil, Oligopoly, Financial Markets
Online Access:http://ojs.uniroma1.it/index.php/monetaecredito/article/view/13939
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spelling doaj-62098c4c45504563a76d8377eb75b27a2020-11-24T22:26:03ZitaAssociazione Economia civileMoneta e Credito2037-36512017-07-017027817319310.13133/2037-3651_70.278_413512La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)Alessandro Roncaglia0Sapienza Università di Roma<p>Shale oil exhibits structural characteristics that set it apart from ‘traditional’ oil, such as the shorter time required to build new plants, the shorter duration of the investment, and a lower ratio of fixed to variable costs. These differences imply a lower degree of oligopolistic control of the market, which in the medium term could lead to further downward pressure on prices. However, the high degree of financialization of these markets makes it a necessary condition, for such a regime change to materialize, that financial market operators internalize new behavioural and procedural conventions, adapted to the changed technological scenario.</p><p> </p><p><strong>JEL codes</strong>: L13, L71, Q41</p>http://ojs.uniroma1.it/index.php/monetaecredito/article/view/13939Shale Oil, Oligopoly, Financial Markets
collection DOAJ
language Italian
format Article
sources DOAJ
author Alessandro Roncaglia
spellingShingle Alessandro Roncaglia
La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)
Moneta e Credito
Shale Oil, Oligopoly, Financial Markets
author_facet Alessandro Roncaglia
author_sort Alessandro Roncaglia
title La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)
title_short La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)
title_full La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)
title_fullStr La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)
title_full_unstemmed La rivoluzione dello shale oil e i mercati finanziari (The Shale Oil Revolution and Financial Markets)
title_sort la rivoluzione dello shale oil e i mercati finanziari (the shale oil revolution and financial markets)
publisher Associazione Economia civile
series Moneta e Credito
issn 2037-3651
publishDate 2017-07-01
description <p>Shale oil exhibits structural characteristics that set it apart from ‘traditional’ oil, such as the shorter time required to build new plants, the shorter duration of the investment, and a lower ratio of fixed to variable costs. These differences imply a lower degree of oligopolistic control of the market, which in the medium term could lead to further downward pressure on prices. However, the high degree of financialization of these markets makes it a necessary condition, for such a regime change to materialize, that financial market operators internalize new behavioural and procedural conventions, adapted to the changed technological scenario.</p><p> </p><p><strong>JEL codes</strong>: L13, L71, Q41</p>
topic Shale Oil, Oligopoly, Financial Markets
url http://ojs.uniroma1.it/index.php/monetaecredito/article/view/13939
work_keys_str_mv AT alessandroroncaglia larivoluzionedelloshaleoileimercatifinanziaritheshaleoilrevolutionandfinancialmarkets
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