Limits to Arab oil power

Journal Article · · Foreign Policy; (United States)

DOI:https://doi.org/10.2307/1148186· OSTI ID:5009139

Singer, S F

A correct assessment of the power held by Organization of Petroleum Exporting Countries (OPEC) should be made; then Arab leaders should be made aware that the limits to their power are perceived and will be incorporated into a U.S. policy aimed at developing an excess world production capacity. A repeat of the 1973--74 oil embargo and rapid price increase is not anticipated because of the economic-development goals of oil-producing countries. An embargo in which the Arabs cut production by an amount equal to U.S. imports would be ineffective because world prices would rise and supplies would become available to the U.S. A strategic petroleum stockpile would eliminate the psychological impact of an embargo threat and make production or shipping interruptions unprofitable. Economic and political interdependence also decrease the probability of a future embargo.

• Research Organization: Univ. of Texas, Austin
• OSTI ID: 5009139
• Journal Information: Foreign Policy; (United States), Journal Name: Foreign Policy; (United States) Vol. 30; ISSN FRPLA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002* -- Energy Planning & Policy-- Petroleum
AVAILABILITY
CARTELS
CHARGES
ECONOMIC ELASTICITY
ECONOMIC IMPACT
ECONOMICS
EMBARGOES
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
ENERGY SUPPLIES
FOREIGN POLICY
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INTERNATIONAL ORGANIZATIONS
OPEC
PETROLEUM
RESERVES
RESOURCES
SECURITY
STRATEGIC PETROLEUM RESERVE
SUPPLY AND DEMAND
TRADE
TRANSPORT