The Macro-political Captured Assets Hypothesis, the Oil Sector, and the Limits of Market Efficiency

Dr. Emery This post is opinion only. See full disclaimer below. This paper is a preliminary release intended to advance my broader argument. Specific analysis; sources and references remain subject to revision and correction. See additional comments below. Abstract MCAH shows how political power, illicit capital, and asset capture distort commodity prices in the oil … Continue reading The Macro-political Captured Assets Hypothesis, the Oil Sector, and the Limits of Market Efficiency