Oil trade : politics and prospects / J.E. Hartshorn.

Format:

Book

Author/Creator:

Hartshorn, J. E., author.

Series:

Cambridge studies in energy and the environment.

Cambridge studies in energy and environment

Language:

English

Subjects (All):

Organization of Petroleum Exporting Countries.

Petroleum industry and trade.

Petroleum products--Prices.

Petroleum products.

Physical Description:

1 online resource (xv, 306 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 1993.

Language Note:

English

Summary:

After a century of exponential growth, the international oil industry suddenly slowed down in the 1970s, faltered during the 1980s, and by 1991 was just about back to its 1979 level. That break in trend of its dominance in world energy became clear in 'the OPEC decade' from 1973 onwards, gaining a surge of riches for oil-exporting countries. This book, which was originally published in 1993, is a descriptive analysis of influences in the world oil trade. It is concerned with a central unchanged paradox of the industry - its preoccupation with maximising the production of high-cost rather than low-cost oil. It follows the rise and decline of OPEC monopoly power in the crude market, and shows how growth in the international oil business has almost ceased since the late seventies, exploring the reasons behind this slowdown. The author has had twenty-five years of practical experience in petroleum economics.

Notes:

Title from publisher's bibliographic system (viewed on 24 Feb 2016).

Includes bibliographical references (pages 294-298) and index.

ISBN:

0-511-58240-4

0-511-00241-6