Relative Oil Prices and Differential Oil Profits
Bichler, Shimshon and Nitzan, Jonathan.
(2021).
Real-World Economics Review Blog. 30 December.
(Article - Magazine; English).
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Abstract or Brief Description
If you thought that oil profits are about producing oil, think again. The enclosed chart, updated from our 2015 Real-World Economics Review paper, ‘Still About Oil?’, shows that the main determinant of oil profit — and specifically of differential oil profit — is not output, but prices.
Language
EnglishPublication Type
Article - MagazineKeywords
inflation oil profit redistributionSubject
BN International & GlobalBN Value & Price
BN Business Enterprise
BN Capital & Accumulation
BN Conflict & Violence
BN Distribution
Depositing User
Jonathan NitzanDate Deposited
11 Jan 2022 01:08Last Modified
11 Jan 2022 01:08URL:
https://bnarchives.yorku.ca/id/eprint/729Actions (login required)
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