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Oil Prices and the Future of OPEC : The Political Economy of Tension and Stability in the Organization

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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.

Number of Pages: 102.0
Genre: Science
Series Title: Routledge Revivals
Format: Paperback
Publisher: Taylor & Francis
Author: Theodore H. Moran
Language: English
Street Date: May 5, 2017
TCIN: 51992541
UPC: 9781138954212
Item Number (DPCI): 248-38-7277

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