Implications of recent organization of petroleum exporting countries (OPEC) oil price increases. Prepared at the request of Henry M. Jackson, Chairman, Committee on Interior and Insular Affairs, United States Senate, Ninety-Third Congress, Second Session, pursuant to S. Res. 45. A national fuels and energy policy study, Serial No. 93-35(92-71)
An overview of the OPEC oil price increases is discussed after a memorandum presented by Chairman Jackson. That governmental policy responses may be counterproductive is a view presented. A discussion on implications for global governmental policy formulation precedes eight tables presenting information on Persian Gulf crude oil prices; revenues from oil exports; oil revenue picture for 11 OPEC members; net trade balances, selected countries, 1972- 73; selected countries: value of oil imports; total oil revenues available to producing governments and assumed potential use of funds, 1974; international financial liquidity, selected nations, 1971-73; and oil price rise impact for selected developing countries. Five papers are presented in the Appendixes on implications of exploding world oil costs; the economic consequences of the high cost of imported oil; oil and the world business cycle: energy shock and the development prospect; and the foreignexchange market developments. (MCW)
- Research Organization:
- Committee on Interior and Insular Affairs (U.S. Senate), Washington, D.C.
- NSA Number:
- NSA-29-031499
- OSTI ID:
- 4304846
- Country of Publication:
- Country unknown/Code not available
- Language:
- English
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