Mercado del petróleo y actividad económicaun estado de la cuestión
ISSN: 0422-2784
Year of publication: 2012
Issue Title: Energía y seguridad energética
Issue: 384
Pages: 99-106
Type: Article
More publications in: Economía industrial
Abstract
Although in recent years the explanatory power of oil prices was reduced, the current economic crisis was preceded by a significant increase in oil prices. This, once they would face in new energy scenarios. Factors such as oil depletion, cost of extraction or how the market would encompass the growing demand in emerging countries, might be key elements to understanding the expected evolution of oil prices and the impact this may have on an eventual economic recovery. again highlights the role of oil prices, if not as the main source of the crisis, at least as a factor of propagation. The aim of this paper is to review the effect of oil-price fluctuations on economic activity. It focuses on the economies of Spain and the EU-15, and assesses the risks
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