Energy Economics and Financial Markets
Energy issues feature frequently in the economic and financial press. Specific examples of topical energy issues come from around the globe and often concern economics and finance. The importance of energy production, consumption and trade raises fundamen
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André Dorsman John L. Simpson Wim Westerman •
Editors
Energy Economics and Financial Markets
123
Editors André Dorsman Department of Finance VU University Amsterdam Amsterdam The Netherlands
Wim Westerman Faculty of Economics and Business Economics, Econometrics and Finance University of Groningen Groningen The Netherlands
John L. Simpson Curtin Business School School of Economics and Finance Curtin University Perth, WA Australia
ISBN 978-3-642-30600-6 DOI 10.1007/978-3-642-30601-3
ISBN 978-3-642-30601-3
(eBook)
Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2012944975 Ó Springer-Verlag Berlin Heidelberg 2013 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Foreword
The Value of Energy Economics and Financial Markets More than ever, energy dictates our lives. Once viewed as a utility, an enabler with limited consumer interest, energy is now the key word in our struggle for a sustainable future. Public involvement is tremendous, ranging from household production to smart (semi-)professional consumption management. The need for sustainability has turned energy into a highly relevant product, even approximating a lifestyle item. It is fair to state that when it comes to energy, we are indisputably experiencing a big shif
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