Download or read book The Impact of Middle East Oil on World Oil Prices 1973 83 written by A. S. Zainabdin and published by . This book was released on 1977 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is an analysis of recent developments in the world oil market. It examines the likely trends for the future and their implications. It is assumed that during the period under study, 1973-1983, no major political upheavals in the Middle East, no major slump in world economic activities, no major oil discoveries outside the Middle East region and no significant technological breakthrough in energy production or consumption will take place. Attention is focussed on the major Middle East Arab oil producers for whom oil is decisive in their social and economic destinies. The study is particularly concerned with the three major oil-consuming markets: the United states, Western Europe and Japan. It provides estimates for the prospective demand for OPSC oil for their markets in physical and money terms. It is divided into five chapters. Chapter I discusses the economic impact of the oil industry on Iraq, Saudi Arabia, Kuwait and the Emirates. The role of the oil industry on the Iraqi economy and the objectives of Iraq oil policy are discussed in Chapter II. An analysis of the main features of the international oil market in the 1970's is included in Chapter III. Chapter IV analyses the developments in Middle East crude oil prices since the beginning of the seventies and until the present. The final chapter provides projections of the oil demand of the major oil consumers and estimates of OPEC oil revenues in 1983 under various sets of assumptions. It was found out that demand for oil under any assumption will continue to be large and that until the industrialized world develops alternative sources to oil, and this cannot be realized in the short term, the consuming countries will continue to rely heavily on the Miliddle East area as their obvious source of supply.
Download or read book The Impact of Middle East oil on world oil prices 1973 83 written by Ahmad S. Zayn al-Din and published by . This book was released on 1977 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy written by Diana Schumacher and published by MacMillan Publishing Company. This book was released on 1985 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Oil Crisis written by Fiona Venn and published by Routledge. This book was released on 2016-07-01 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: In October 1973 two crises – one economic, one political – intersected, with dramatic and long term consequences for international relations. On 6 October, Egypt and Syria launched an attack on Israel, and within a few days the major Arab oil producers announced their support by use of the ‘oil weapon’, including a boycott of supplies for countries friendly to Israel and a programme of production cuts. This was followed by the unilateral declaration of a steep increase in the price of oil by the Organization of Petroleum Exporting Countries (OPEC). The result was international panic and world recession. Crude oil prices soared by a massive fourfold in just three months. The West's vulnerability had been exposed: it was being held hostage to oil. Yet, despite efforts to address this dependence on oil imports in following years, the 1979 Iranian Revolution triggered a further upward surge in prices. Today, the importance of oil remains at the forefront of the West's foreign policy calculations in the Middle East. In this fascinating and timely new look at the oil crisis, Fiona Venn examines these issues and the more unexpected effects of the crisis. She asks just how much really changed in the economic balance of power. Most importantly she argues that OPEC was used as a scapegoat for the world recession, which had been already underway when the crisis detonated.
Download or read book Middle East Oil and U S Foreign Policy written by Shoshana Klebanoff and published by . This book was released on 1974 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised thesis on the demand for Middle Eastern petroleum in the USA and implications thereof for us foreign policy in the period up to aug 1973 - focuses on the us position in petroleum international markets, considers political aspects and military aspects, etc., and identifies a need to revitalize government policies with regard to energy. Bibliography pp. 261 to 279, references and statistical tables.
Download or read book Summary of U S Export and Import Merchandise Trade written by United States. Bureau of the Census and published by . This book was released on 1975-02 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The oil crisis in the 1970s and its consequences for the world economy written by David Wieblitz and published by GRIN Verlag. This book was released on 2006-07-23 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2004 in the subject Business economics - Economic and Social History, grade: 2,0, Turku School of Economics (Department of economics), course: Economic History and Development, language: English, abstract: Nowadays oil is still the world’s most important single source of energy. The world’s industry is influenced by the cost of energy which, in turn, is influenced by the price of crude oil, taxation and other factors. If the cost of energy goes up, then prices of goods and services will increase, subsequently it will cause lower availability of products, higher transportation’s costs and in turn lower economic growth. The latter will influence negatively the efficiency and productivity of the whole world’s industry. This means that if oil prices go too high or too low there will be unlikely consequences for both oil producers and oil consumers. This paper analyzes the oil crisis of 1970ies. The first section concerns the history of the October War (6 – 23 October 1973) that led to the oil embargo, one of the most dramatic events for the world economy. The embargo lasted six months, beginning on 17 October 1973 and ending on 18 March 1974. The second section deals with the impact of the energy crisis on different countries. It caused terrible consequences for the economies of all industrialized countries such as recession, inflation, unemployment, lost economic growth and stagflation. But the essential question is whether the energy crisis was a real shortage or mainly a matter of politics.
Download or read book The Oil Price Revolution written by Steven A. Schneider and published by . This book was released on 1983 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Netherlands and the Oil Crisis written by Duco Hellema and published by Amsterdam University Press. This book was released on 2004 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This incisive study examines the role of the Netherlands in the October War and the oil crisis of 1973. The authors contend that the actions of the Dutch government were hypocritical: the Dutch government faced a domestic crisis when an oil embargo was levied against them by Arab countries for selling arms to Israel; yet after oil began arriving again two months later, the Dutch rejected a proposal for a stricter interventionist energy policy within the European Union. A probing and thought-provoking study, The Netherlands and the Oil Crisis draws on previously unavailable archival sources to shed new light on a pivotal moment in contemporary Dutch history.
Download or read book Oil and Security written by Stockholm International Peace Research Institute and published by . This book was released on 1974 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Policy and the Great Stagflation written by Alan S. Blinder and published by Elsevier. This book was released on 2013-09-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economists do and do not know about the inflation and recession that affected the U.S. economy during the years of the Great Stagflation in the mid-1970s. The topics discussed include the basic concepts of stagflation, turbulent economic history of 1971-1976, anatomy of the great recession and inflation, and legacy of the Great Stagflation. The relation of wage-price controls, fiscal policy, and monetary policy to the Great Stagflation is also elaborated. This publication is beneficial to economists and students researching on the history of the Great Stagflation and policy errors of the 1970s.
Download or read book The Economic Consequences of the Gulf War written by Kamran Mofid and published by Routledge. This book was released on 2005-10-26 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Iran-Iraq War were one of the longest and most devastating uninterrupted wars amongst modern nation states. It produced neither victor nor vanquished and left the regimes in both countries basically intact. However, it is clear that the domestic, regional and international repercussions of the war mean that 'going back' is not an option. Iraq owes too much to regain the lead it formerly held in economic performance and development levels. What then does reconstruction mean? In this book, Kamran Mofid counteracts the scant analysis to date of the economic consequences of the Gulf War by analysing its impact on both economies in terms of oil production, exports, foreign exchange earnings, non-defence foreign trade and agricultural performance. In the final section, Mofid brings together the component parts of the economic cost of the war to assign a dollar value to the devastation.
Download or read book Project Independence Report written by Etats-Unis. Federal energy administration (....-1977). and published by . This book was released on 1974 with total page 1014 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Oil Curse written by Michael L. Ross and published by Princeton University Press. This book was released on 2013-09-08 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
Download or read book The Price of Wealth written by Kiren Aziz Chaudhry and published by Cornell University Press. This book was released on 2015-11-06 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emerging consensus that institutions shape political and economic outcomes has produced few theories of institutional change and no defensible theory of institutional origination. Kiren Aziz Chaudhry shows how state and market institutions are created and transformed in Saudi Arabia and Yemen, two countries that typify labor and oil exporters in the developing worlds. In a world where the international economy dramatically affects domestic developments, the question of where institutions come from becomes at once more urgent and more complex. In both Saudi Arabia and Yemen, fundamental state and market institutions forged during a period of isolation at the end of World War I were destroyed and reshaped not once but three times in response to exogenous shocks. Comparing boom-bust cycles, Chaudhry exposes the alternating social and organizational origins of institutions, arguing that both broad changes in the international economy and specific forms of international integration shape institutional outcomes. Labor and oil exporters thus experience identical economic cycles but generate radically different state, market, and financial institutions in response to different resource flows. Chaudhry supplemented years of field work in Saudi Arabia and Yemen with extensive analysis of previously unavailable materials in the Saudi national archives.
Download or read book Oil Windfalls written by Alan H. Gelb and published by Oxford University Press. This book was released on 1988 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the full impact of oil windfalls on six developing producer countries - Algeria, Ecuador, Indonesia, Nigeria, Trinidad and Tobago, and Venezuela. This is the first time that the issue has been systematically analysed and related to economics policies and underlying macroeconomic characteristics. The book adopts a broad approach, blending institutional and political aspects with quantitative analysis which includes the results of sophisticated model simulations. It presents new information on how oil discoveries have been used by producer governments, and analyses of the consequences. Finally it concludes that much of the potential benefit to producers has been dissipated, and explains why producers may actually end up worse off despite revenue gains.
Download or read book The Future of Oil and Fiscal Sustainability in the GCC Region written by Mr.Tokhir N Mirzoev and published by International Monetary Fund. This book was released on 2020-02-06 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.
