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The third oil shock The causes and possible outcomes | ||
| Iraqi Journal For Economic Sciences | ||
| Article 1, Volume 0, Issue 7, 2017, Pages 124-141 | ||
| Author | ||
| Basem Abdullah Hassan | ||
| Abstract | ||
| Characterized the oil market in most of the time swing between periods dominated by a recovery in demand) or the lack of offer) accompanied by a significant rise in revenues of Petroleum Exporting Countries, and other periods dominated by the downturn in demand (or increase the offer) accompanied by a severe lack of revenue, and sometimes takes a swing became so violent forms is referred to in the literature of international economic non-Arab to "oil shocks" Oil Shock, while indicating his Arab economic literature as "correction in oil prices" Adjustment. (1) The world economy experienced shocks of oil facilities so far in 1973, the first and second in 1979 and the current economic indicators demonstrate the existence of a third oil shock in the making | ||
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