Review of Environment, Energy and Economics - Re3 Recent Evolutions of Oil and Commodity Prices
 

 

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Jul
02
2015
 
Recent Evolutions of Oil and Commodity Prices
Leo Drollas, Vincent Kaminski, Lutz Kilian, Charles F. Mason, Apostolos Serletis, Adonis Yatchew
Energy - Interviews
 

Between June and December 2014, the price of crude oil has fallen by nearly 50%, which represents one of the most dramatic declines in recent history. Within the same period, the average price reduction of coal, natural gas, agricultural commodities in general, metals, and food has been significantly less severe.

Academic researchers, economists and policymakers have started to analyze the effects of relatively low oil prices on the economic and political stability of the oil-exporting countries, the sustainability of alternative forms of energy production, the international energy and non-energy commodity markets, and the new growth opportunities for the global economy.

At the same time, efforts have been devoted to identify the causes of the recent oil price collapse, among which positive oil supply shocks originating from oil-producing countries and shocks to oil price expectations due to the end-of-last-year OPEC announcements. Finally, the “big” question on whether the decline of the price of oil is similar to past oil price drops, and, more important, if it is likely to continue or to stop soon, is still unanswered.   

On June 4-5, 2015, FEEM organized an international conference in Milan on “Recent Evolutions of Oil and Commodity Prices” gathering together internationally distinguished scholars, renowned professionals from energy and financial institutions, as well as FEEM senior and junior researchers, who presented and discussed fresh results from their own research works.

Re3 interviewed energy experts Leo Drollas, Vincent Kaminski, Lutz Kilian, Charles F. Mason, Apostolos Serletis and Adonis Yatchew on the following issues:

  1. What’s behind the drop in oil prices between June and December 2014? Could you please try to identify the causes, the consequences and the challenges that the rapid decline of oil prices implies?
  2. Could you please illustrate the main field of your research and your contribution to the topic during the Workshop on "Recent Evolutions of Oil and Commodity Prices" organized by FEEM?

Leo Drollas, Energy Consultant


Vincent Kaminski, Professor in the Practice of Executive Education, Rice University


Lutz Kilian, Professor of Economics, University of Michigan


Charles F. Mason, Professor of Economics, University of Wyoming


Apostolos Serletis, Professor of Economics and Finance, University of Calgary


Adonis Yatchew, Professor of Economics, University of Toronto

 

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STREAMING of the Workshop on"Recent Evolutions of Oil and Commodity Prices"

 

 

 



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Leo Drollas, Energy Consultant

Vincent Kaminski, Professor in the Practice of Executive Education, Rice University

Lutz Kilian, Professor of Economics, University of Michigan

Charles F. Mason, Professor of Economics, University of Wyoming

Apostolos Serletis, Professor of Economics and Finance, University of Calgary

Adonis Yatchew, Professor of Economics, University of Toronto
 
   
 
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