Petrodollar surpluses: trends and economic impact

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:5682760

Oweiss, I M

After each of the 1973 and 1979 oil price peak periods, petrodollar surpluses of oil-exporting countries increased substantially. The author outlines petrodollar surpluses, their trends, and their receding economic impact. The impact of the receding petrodollar surpluses will yield economic, political, and strategic considerations because OPEC will be less able to use economic weapons to settle regional conflicts. The rate of growth in aid to other Third World countries will go down, and most of the aid may go through international institutions. As industrial nations increase their capacity utilization and their economic recovery spreads, the current market glut may dissipate and push prices up, but the rate of petrodollar surplus accumulation in the 1970s will not recur. 2 figures, 13 tables.

• Research Organization: Georgetown Univ., Washington, DC
• OSTI ID: 5682760
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 9:2; ISSN JENDD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
HISTORICAL ASPECTS
INSTITUTIONAL FACTORS
INTERNATIONAL ORGANIZATIONS
MARKET
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
POLITICAL ASPECTS
PRICES