We are in a fundamentally different market than the one witnessed prior to the 2008 financial crisis. The pre-crisis market was already experiencing considerable pressures and shortcomings. The credit crunch and subsequent global recession merely accentuated these elements and accelerated the changes.
Praise for THE VEGA FACTOR
"Dr. Kent Moors has done it again?smashed the long?held truths about oil pricing and revealed the number?one factor that will either save or destroy our economy and way of life. The crisis is upon us. That's exactly why it's more important than ever to read The Vega Factor. Every page, every idea is a gem."
?Mike Ward, Publisher, Money Map Press
"The Vega Factor highlights the serious flaws in global energy markets that threaten the world with its next shockwave. Let's hope energy practitioners and policymakers read it and come up with a solution before it's too late."
?Ian Walker, Executive Director, Windsor Energy Group, London
"This is the book Kent Moors was born to write. A lifetime of academic and real?life experience has given him a genuine insight into the energy world that few can master. Moors gives the reader a dose of reality with the facts and research to support his theory of oil vega. Be prepared to change your view of the way the future will unfold as Moors gives us the benefit of decades of research and hands?on experience. It is a glimpse behind the curtain of how the real world of 'energy politics' works in the twenty-first century."
?Ron Klink, Senior Policy Advisor, Nelson Mullins Riley & Scarborough LLP
"Moors does a precise and thorough job of dissecting an often less contemplated piece of the rapidly evolving energy landscape. Enlightening for policymakers, analysts, and novices alike."
?Sean Levine, Senior Research Director?Policy, DeMatteo Monness LLC
The true causes of runaway volatility in the price of oil and its dire economic and geopolitical implications
Oil is the lubricant that keeps the modern world spinning on its axis. From the food we eat and the clothes we wear, to our means of transportation, and even the medications that keep us alive, every facet of our lives is dependent upon a steady supply of affordable crude. In The Vega Factor, oil industry expert and political scientist Kent Moors reveals how a deep structural flaw at the heart of the global financial system currently threatens to end the flow of affordable oil. He describes the grave economic and geopolitical implications of out-of-control price volatility in the oil markets?what he refers to as oil vega?and he offers his prescriptions for what governments, industry, and the financial sector can do to address the mounting threat of oil vega, before it's too late.
