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Erschienen in:
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2017 | OriginalPaper | Buchkapitel

3. Salvation and Damnation: The Rise of Non-conventional Oil and Quantitative Easing

verfasst von : Helen Thompson

Erschienen in: Oil and the Western Economic Crisis

Verlag: Springer International Publishing

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Abstract

The oil crisis of the mid-2000s triggered the rise of non-conventional oil production in North America, in particular the shale sector in the United States (US). Yet despite the rise of shale production, oil remains as dysfunctional a part of the economic and geo-political environment and the monetary and financial landscape as it was in the years leading up to 2007–08. The rise and subsequent partial financial bust of American shale production has moved the world through one set of economic and political problems to another. These new dysfunctionalities have their origins in the material conditions on which shale production came to rest, not least quantitative easing and zero interest rates, and the consequences of the rise of shale for conventional oil producers in a world marked by the fallout of the 2008 crisis.

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Vorheriges Kapitel The Spectres of Peak Conventional Oil and Stagflation
Nächstes Kapitel Revisiting the 1970s
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Metadaten
Titel
Salvation and Damnation: The Rise of Non-conventional Oil and Quantitative Easing
verfasst von
Helen Thompson
Copyright-Jahr
2017
Buch
Oil and the Western Economic Crisis

Print ISBN: 978-3-319-52508-2

Electronic ISBN: 978-3-319-52509-9

Copyright-Jahr: 2017

DOI
https://doi.org/10.1007/978-3-319-52509-9_3

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