Oil Price Volatility and the Department of Defense

Abstract

The price of crude oil historically rises or falls with the world economy. However, supply generally does not smoothly follow demand and numerous factors can impact crude oil prices (e.g., supply, demand, available supply, value of the dollar, geopolitical risks). Thus, oil prices can be volatile. Volatility in crude oil prices can disrupt or enable oil industry investments and productionfactors that can have a ripple effect on the global economy. The market also responds to geopolitical events. For example, sanctions on crude oil may constrain supply, which can affect prices and access.

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Document Details

Document Type
Technical Report
Publication Date
May 06, 2019
Accession Number
AD1169607

Entities

People

  • Heather L. Greenley

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Climate Change Adaptation
  • Congress
  • Department Of Defense
  • Energy
  • Energy Conservation
  • Energy Consumption
  • Energy Efficiency
  • Energy Production
  • Fuel Oils
  • Fuels
  • Governments
  • Jet Engine Fuels
  • Materials
  • National Governments
  • Petroleum
  • Procurement
  • Production
  • Saudi Arabia
  • United States
  • United States Government

Readers

  • Energy Conservation and Renewable Energy Engineering.
  • Marine Ecotoxicology
  • Strategic Security Studies