Understanding the global oil market

Authors

  • Guillermo Monterrosa Universidad Don Bosco

DOI:

https://doi.org/10.5377/typ.v1i14.14841

Abstract

To understand why the oil prices have gone up involves not only reading the figures and the current news. It is necessary to go over the history to learn how the present situation and the oil market have been shaped. That is the purpose of this article. Once this is done, it becomes clear that to continue a dependency of oil to move the economy of a country like El Salvador is nonsense, it is to act against common sense. However, to escape from such dependency implies the device of a local energy-producing strategy, which is extremely difficult in a country that has not constructed its own vision of the future yet.

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Author Biography

Guillermo Monterrosa, Universidad Don Bosco

Degree in Economics, from the Central American University, professor of Ethics of Economics, at the Don Bosco University.

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Published

2022-09-28

How to Cite

Monterrosa, G. (2022). Understanding the global oil market. Teoría Y Praxis, (14), 25–47. https://doi.org/10.5377/typ.v1i14.14841

Issue

No. 14 (2009)

Section

Articles

License

Creative Commons License

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The articles published in this number may be freely reproduced as it is done for academic purposes, provided the source is acknowledged. Reproduction in magazines or other media, or when done for commercial purposes, whether whole or in part and by any mechanical or electronic means, must be requested in writing and approved in writing by the Publisher of the Universidad Don Bosco or by the author, as appropriate.

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