The past decade has witnessed an unprecedented rise in world oil prices and oil price volatility. Since 2002, the spot price for West Texas Intermediate (WTI) has increased more than fivefold, and this upward price trend has featured significant volatility. At peak oil prices in 2008, the standard deviation in daily price changes was nearly twice that observed six years earlier. Caribbean countries, where oil imports constitute a large share as percentage...
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INFORMACIÓN
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2013/06/01
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Resumen
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78605
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1
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1
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2013/06/21
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Disclosed
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Mitigating vulnerability to high and volatile oil prices in the Caribbean
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advantage of economies of scale