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Cover Art
Author Thompson, Helen, 1966 June 13- author.

Title Oil and the Western economic crisis / Helen Thompson.

Published Cham, Switzerland : Palgrave Macmillan, [2017]


Location Call No. Status
Physical description 1 online resource.
Series Palgrave pivot.
Building a sustainable political economy : SPERI research & policy
Building a sustainable political economy.
Palgrave pivot.
Springer Political Science and International Studies eBooks 2017 English+International
Bibliography Includes bibliographical references and index.
Contents Chapter 1: Introduction -- Chapter 2: The spectres of peak conventional oil and stagflation -- Chapter 3: Salvation and damnation: the rise of non-conventional oil and quantitative easing -- Chapter 4: Revisiting the 1970s -- Chapter 5: Conclusions.
Summary This book explains the place of oil in the economic and political predicaments that now confront the West. Thompson explains the problems that the rising cost of oil posed in the years leading up to the 2008 crash, and the difficulties that a volatile oil market now poses to economic recovery under the conditions of high debt, low growth and quantitative easing. The author argues that the 'Gordian knot' created by the economic and political dynamics of supply and demand oil in the present international economy poses a fundamental challenge to the assumption of economic progress embedded in Western democratic expectations.
Other author SpringerLink issuing body.
Subject Petroleum industry and trade -- Economic aspects.
Petroleum industry and trade -- Political aspects.
Oil industries -- Economic aspects.
Oil industries -- Political aspects.
Electronic books.
ISBN 9783319525099 (electronic bk.)
3319525093 (electronic bk.)
Standard Number 10.1007/978-3-319-52509-9