Addressing the major issues arising from the power ascribed to the Organization of the Petroleum Exporting Countries (OPEC), this book reflects the bredth, expertise and multifaceted viewpoints of the contributors: members of OPEC itself, industry representatives, and scholars and energy specialists from the USA, Europe and the Middle East. Throughout the book, the authors look at the potential of OPEC, discernible trends in such crucial areas as global petroleum supply and pricing, and the international economic and political implications of both.

chapter 4|30 pages

Optimum Production and Pricing Policies

chapter 6|18 pages

OPEC: Cartel or Chimaera?

chapter 7|18 pages

The Oil Price Revolution of 1973-1974

chapter 12|18 pages

Oil Prices and the World Balance of Payments