OPEC and the United States: The political economy of oil supply
World oil markets have fluctuated widely during the decade from 1973 to 1983, resulting in major adjustments in patterns of consumption and in the structure of the energy trade worldwide. This study focuses on the role of OPEC as both a producer and a consumer of energy and examines how that role affects the complex relations between OPEC and the U.S. The authors think that the recent U.S. shift to closer markets like Mexico and Venezuela and the resulting unfavorable balance of trade with the Middle East and Africa will, in the long run, hurt the U.S. They predict a resurgence of OPEC as a producer of oil, oil products, and petrochemicals within the next twenty years as well as an increasing sophistication in marketing strategies on the part of OPEC members.
- OSTI ID:
- 5769151
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
OPEC
ENERGY POLICY
PETROLEUM
POLITICAL ASPECTS
SUPPLY AND DEMAND
TRADE
ECONOMICS
FORECASTING
MARKET
MARKETING
PETROCHEMICALS
PETROLEUM PRODUCTS
USA
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INSTITUTIONAL FACTORS
INTERNATIONAL ORGANIZATIONS
NORTH AMERICA
OIL-EXPORTING COUNTRIES
020700* - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum
290200 - Energy Planning & Policy- Economics & Sociology
292000 - Energy Planning & Policy- Supply
Demand & Forecasting