Oil prices and the future of OPEC : the political economy of tension and stability in the Organization of Petroleum Exporting Coutnries
Author(s)
Bibliographic Information
Oil prices and the future of OPEC : the political economy of tension and stability in the Organization of Petroleum Exporting Coutnries
(Routledge revivals)
RFF Press , Routledge, 2016, c1978
- : hbk
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Note
Includes bibliographical references
Reprint. Originally published: Washington, D.C. : Resources for the Future, 1978. (RFF research paper ; R-8)
Description and Table of Contents
Description
The policy of the United States and, by extension, that of many oil importing countries, toward OPEC countries is in large part a function of an estimate of the factors that condition oil decisions in exporting countries. In this title, originally published in 1978, Ted Moran examines how immune OPEC can expect to be to the struggles over market shares that traditionally have beset attempts to organize natural resource cartels. Moran's research leads him to argue that skyrocketing commitments to growth and social betterment leave little slack in national budgets and thus preclude output reductions for any extended period, or at least act as a substantial deterrent, unless such reductions come in support of an effort to raise real oil prices substantially. For any student interested in international policy making, economic development, or environmental studies, this title offers fascinating insights into the oil industry.
Table of Contents
- Part I: Introduction
- Part II: The Revenue "Needs" of the OPEC States
- 1. Saudi Arabia 2. Iran 3. Iraq 4. Venezuela 5. Kuwait, Libya, and the Small Gulf States 6. Nigeria, Indonesia, Algeria, Ecuador, and Gabon 7. OPEC Revenue Needs and Export Preferences
- Part III: OPEC Exports and Unwanted Spare Capacity
- Part IV: Implications and Conclusions
- Appendix A: Saudi Arabia
- Appendix B: Iran
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