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

Alessandro Roncaglia

Moneta e Credito, 2017, vol. 70, issue 278, 173-193

Abstract: 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.

Keywords: Shale Oil; Oligopoly; Financial Markets (search for similar items in EconPapers)
JEL-codes: L13 L71 Q41 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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