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The Natural Resources TrapPrivate Investment without Public Commitment$
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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

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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

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

Bijan Mossavar-Rahmani

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013796.003.0022

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

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