The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Understanding Crude Oil Prices
Open accessAbstract
This paper examines the factors responsible for changes in crude oil prices.The paper reviews the statistical behavior of oil prices, relates these to the predictions of theory, and looks in detail at key features of petroleum demand and supply.Topics discussed include the role of commodity speculation, OPEC, and resource depletion.The paper concludes that although scarcity rent made a negligible contribution to the price of oil in 1997, it could now begin to play a role.
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Citations
Cites
Testing the null hypothesis of stationarity against the alternative of a unit root
Kwiatkowski, D., Phillips, P. C. B., Schmidt, P., & Shin, Y. (1992) · Journal of Econometrics · doi:10.1016/0304-4076(92)90104-y · Cited by 12,633
Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand
Hughes, J. E., Knittel, C. R., & Sperling, D. (2008) · The Energy Journal · doi:10.5547/issn0195-6574-ej-vol29-no1-9 · Cited by 668
Gasoline demand revisited: an international meta-analysis of elasticities
Espey, M. (1998) · Energy Economics · doi:10.1016/s0140-9883(97)00013-3 · Cited by 444
Price elasticity of demand for crude oil: estimates for 23 countries
Cooper, J. C. B. (2003) · OPEC Review · doi:10.1111/1468-0076.00121 · Cited by 340
Cited by
Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry
Aghion, P., Dechezleprêtre, A., Hémous, D., Martin, R., & Van Reenen, J. (2016) · Journal of Political Economy · doi:10.1086/684581 · Cited by 1,604
THE ROLE OF INVENTORIES AND SPECULATIVE TRADING IN THE GLOBAL MARKET FOR CRUDE OIL
Kilian, L., & Murphy, D. P. (2014) · Journal of Applied Econometrics · doi:10.1002/jae.2322 · Cited by 1,472
Financialization of commodity markets
Cheng, I.-H., & Xiong, W. (2014) · Annual Review of Financial Economics · doi:10.1146/annurev-financial-110613-034432 · Cited by 810
The Rebound Effect and Energy Efficiency Policy
Gillingham, K., Rapson, D., & Wagner, G. (2016) · Review of Environmental Economics and Policy · doi:10.1093/reep/rev017 · Cited by 672
Du, X., Yu, C. L., & Hayes, D. J. (2011) · Energy Economics · doi:10.1016/j.eneco.2010.12.015 · Cited by 549
Metadata
- Authors
- Hamilton, J.
- Venue
- The Energy Journal
- Publisher
- National Bureau of Economic Research
- Published
- 2008-11
- Volume
- 30
- Issue
- 2
- Pages
- 179-206
- ISSN
- 0195-6574 (ISSN-L)
- OpenAlex
- W2026564718
- Cited by
- 1,261
- References
- 4
- FWCI
- 131.95
- Type
- journal article
- Language
- en
- Open access
- green
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- CoChat. (2026). Citation check: Understanding Crude Oil Prices. https://app.cochat.ai/papers/10.3386/w14492
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- Hamilton, J. (2008). Understanding Crude Oil Prices. The Energy Journal. https://doi.org/10.3386/w14492
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
