OPEC: 10 years after the Arab oil boycott
Journal Article
·
· Ed. Res. Rep.; (United States)
OSTI ID:5413371
OPEC's dominance over world oil markets is waning 10 years after precipitating world-wide energy and economic crises. The 1979 revolution in Iran and the start of the Iranian-Iraqi war in 1980 introduced a second shock that caused oil importers to seek non-OPEC supplies and emphasize conservation. No breakup of the cartel is anticipated, however, despite internal disagreements over production and price levels. Forecasters see OPEC as the major price setter as an improved economy increases world demand for oil. Long-term forecasts are even more optimistic. 24 references, 2 figures, 2 tables. (DCK)
- OSTI ID:
- 5413371
- Journal Information:
- Ed. Res. Rep.; (United States), Journal Name: Ed. Res. Rep.; (United States) Vol. 2:11; ISSN EDRRA
- Country of Publication:
- United States
- Language:
- English
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