Relative Oil Prices and Differential Oil Profits

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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https://rwer.wordpress.com/2021/12/30/relative-oil-prices-and-differential-oil-profits/

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

English

Publication Type

Article - Magazine

Keywords

inflation oil profit redistribution

Subject

BN International & Global
BN Value & Price
BN Business Enterprise
BN Capital & Accumulation
BN Conflict & Violence
BN Distribution

Depositing User

Jonathan Nitzan

Date Deposited

11 Jan 2022 01:08

Last Modified

11 Jan 2022 01:08

URL:

https://bnarchives.yorku.ca/id/eprint/729

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