Is the world oil market "one great pool?"

Is the world oil market "one great pool?"

by John F. Kennedy School of Government. Center for Business and Government, Robert J. Weiner

Part of Energy (Cambridge, Mass.) -- 91-1

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This report examines the question of the degree of integration vs. fragmentation of the world crude market. Specifically, it develops two methodologies for assessing the degree to which the oil market is global vs. regional.

Discussion questions for Is the world oil market "one great pool?"

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  1. 1

    How does the central metaphor of the world oil market as "one great pool" challenge or reinforce your initial assumptions about how global commodities operate?

  2. 2

    In an increasingly interconnected global economy, where do you see the tension between regional self-sufficiency and global integration playing out in your own industry or daily life?

  3. 3

    The author examines methods for assessing market fragmentation versus integration; how do you personally weigh the benefits of a globally unified system against the resilience of localized systems?

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