Oil price development is analyzed in an article

LTU professor analyzes the oil price development

Published: 5 April 2013

In a nine page article in the journal Economic debate Marian Radetzki, Professor of Economics at Luleå University of Technology analyzes oil price from the beginning of the 70s. He compares the prices of the same development for minerals and metals and analyze possible causes.

Marian Radetzki analyzes the possible effects from cartels and what international oil association OPEC has had on oil prices. He compares it with other factors such as ownership of the world's oil companies, how they are managed and how world events such as wars and other affected prices.