Jump to ContentJump to Main Navigation
The Natural Resources TrapPrivate Investment without Public Commitment$
Users without a subscription are not able to see the full content.

William Hogan and Federico Sturzenegger

Print publication date: 2010

Print ISBN-13: 9780262013796

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013796.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 06 July 2022

Epilogue: Populism and Natural Resources Workshop November 1–2, 2007

Epilogue: Populism and Natural Resources Workshop November 1–2, 2007

(p.487) Epilogue: Populism and Natural Resources Workshop November 1–2, 2007
The Natural Resources Trap

Bijan Mossavar-Rahmani

The MIT Press

The epilogue aims to provide an industry perspective, particularly, it provides a glimpse of the future and gives some shape to the context in which resource populism might unfold, in contrast to a retrospective look into the past carried out in the work of the Populism and Natural Resources Workshop. It is argued here that what will set the conditions for, and shape the future of, the market is the price of oil. Conventional wisdom and the experience of the 1970s, 1980s, and 1990s held that higher prices, if they came about, would result from some short-lived, geopolitically induced spike, and that prices would settle back as supply and demand responded and as the geopolitical event passed or was addressed.

Keywords:   industry perspective, resource populism, price of oil, geopolitically induced spike, supply and demand

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.