The Determinants of the Price of Crude Oil: The Relative Importance of Fracking, China, and Geopolitics

At the JPMCC’s December 2015 Research Council meeting, Professor James Hamilton of the University of California, San Diego, discussed why it turned out that oil priced at $100 did not hold, starting in 2014. Dr. Bluford Putnam of the CME Group and Professor Yosef Bonaparte of the University of Colorado Denver discussed Professor Hamilton’s research from both practitioner and academic perspectives, respectively. This digest article summarizes Professor Hamilton’s panel session.