The Organization of Petroleum Exporting Countries (OPEC)
In: American journal of international law: AJIL, Band 57, Heft 1, S. 112-114
ISSN: 2161-7953
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In: American journal of international law: AJIL, Band 57, Heft 1, S. 112-114
ISSN: 2161-7953
In: Journal of development economics, Band 2, S. 319-386
ISSN: 0304-3878
In: Europa-Archiv, Band 30, S. 153-162
In: Foreign affairs reports, Band 30, Heft 3, S. 58-75
ISSN: 0015-7155
Aus afrikanischer Sicht
World Affairs Online
In: Europa-Archiv, Band 31, Heft 7, S. 225-234
In: Vierteljahresberichte / Forschungsinstitut der Friedrich-Ebert-Stiftung, S. 1-13
ISSN: 0015-7910, 0936-451X
In: The annals of the American Academy of Political and Social Science, Band 460, Heft 1, S. 111-117
ISSN: 1552-3349
Time and events since 1974 have provided perspective on the Organization of Petroleum Exporting Countries (OPEC) revolution. The oil price shock of 1973-74 was the outcome of a confluence of economic, security, and political trends that had been evolving during the previous two decades. Although many had predicted the collapse of the OPEC cartel and of the price of oil following 1974, the oil price increases were sustained primarily by the price and production decisions of two dominant producers: Kuwait and Saudi Arabia. The OPEC "cartel" did not collapse because OPEC was not a cartel. A revolution in one major oil-producing nation and a war between two oil-producing states during the period from late 1978 to early 1980 triggered the second oil price shock of the last decade. Thus the world learned the hard way that it is as necessary to pay attention to the potential impact of political and military events on world oil markets as it is to focus on energy consumption and production trends. Regarding U.S. policies, further reductions in U.S. oil imports would encourage oil producers to be more cautions when setting their price and production policies. At the same time, the United States should also work to reduce the risk of oil supply disruptions—in particular in the Persian Gulf region.
In: Current history: a journal of contemporary world affairs, Band 74, S. 125-127
ISSN: 0011-3530
In: The annals of the American Academy of Political and Social Science, Heft 460, S. 111-117
ISSN: 0002-7162
World Affairs Online
In: Millennium: journal of international studies, Band 4, S. 191-199
ISSN: 0305-8298
In: Affari esteri: rivista trimestrale, Band 4, S. 140-148
ISSN: 0001-964X
World Affairs Online
In: Current history: a journal of contemporary world affairs, Band 69, S. 6-9
ISSN: 0011-3530
In: International legal materials: ILM, Band 14, Heft 2, S. 566-576
ISSN: 1930-6571