Relative Oil Prices and Differential Oil Profits

dc.contributor.authorBichler, Shimshon
dc.contributor.authorNitzan, Jonathan
dc.date.accessioned2022-09-27T22:32:45Z
dc.date.available2022-09-27T22:32:45Z
dc.date.issued2021
dc.descriptioninflation oil profit redistribution
dc.description.abstractIf 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.
dc.identifier.citationRelative Oil Prices and Differential Oil Profits. Bichler, Shimshon and Nitzan, Jonathan. (2021). Real-World Economics Review Blog. 30 December. (Article - Magazine; English).
dc.identifier.urihttp://hdl.handle.net/10315/39745
dc.titleRelative Oil Prices and Differential Oil Profits
dc.typeArticle

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