" Chapter 1 Introduction: the Global Political Economy of Energy Transitions The question of
whether and how we can collectively steer our economy and society onto a lower carbon …

We use a unique, non-public dataset of trader positions in 17 US commodity futures markets
to provide novel evidence on those markets' financialization in the past decade. We then …

The run‐up in oil prices since 2004 coincided with growing investment in commodity
markets and increased price co‐movement among different commodities. We assess …

The coincident rise in crude oil prices and increased number of financial participants in the
crude oil futures market from 2000-2008 has led to allegations that “speculators” drive crude …

Global monetary conditions are often cited as a driver of commodity prices. This paper
investigates the empirical relationship between US monetary policy and commodity prices …

We review and synthesize the empirical evidence on several factors related to petroleum
product prices:(1) the general distributional characteristics of petroleum product prices;(2) …

After the huge rise and fall of agricultural commodity spot and futures prices between 2007
and 2008, the potential reasons for and the impact of the strong rise in volatility provoked an …

In this paper, we assess whether and to what extent financial activity in the oil futures
markets has contributed to destabilize oil prices in recent years. We define a destabilizing …

Motivated by repeated price spikes and crashes over the last decade, we investigate
whether the growing market shares of futures speculators destabilize commodity spot prices …

Using proprietary energy futures position data, we provide evidence that mean hedger
profits are negative whereas speculator (especially hedge fund) profits are positive, that …