#4908. Reconceptualizing contemporary energy markets
July 2026 | publication date |
Proposal available till | 02-06-2025 |
4 total number of authors per manuscript | 0 $ |
The title of the journal is available only for the authors who have already paid for |
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Journal’s subject area: |
Business, Management and Accounting (all); |
Places in the authors’ list:
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)
More details about the manuscript: Science Citation Index Expanded or/and Social Sciences Citation Index
Abstract:
This article provides a conjunctural synopsis of both empirical trends and new approaches to analytically and normatively assessing energy markets. They also coincided with and helped reinforce several misleading assumptions: of ‘pure’, ‘stateless’ energy markets; of scarcity as a defining feature of all economies; of unlimited growth and of market equilibrium. These assumptions tended to reinforce established approaches to energy markets that were insufficiently historically grounded, abstracted from social, political and ecological relations, and – with particular reference to oil – premised on zero-sum geostrategic calculations of interest. They are inadequate to, or misleading about, fossil fuel markets, and do not adequately address such recent phenomena as unprecedented levels of financialization of the global economy with an unprecedented intensity of ecological crisis entailing, most prominently, global warming. An exercise in reconceptualizing energy markets is therefore one that should explore not only what was misperceived and what has changed but also what needs to change in order to restore economic, political and ecological sustainability.
Keywords:
economic growth; energy markets; oil; Polanyi; prosumer; Renewable energy
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