Strategic implications of the new oil reality

Book · Wed Jan 01 04:00:00 EST 1986

OSTI ID:5769181

Meir, S

This analysis of recent trends in the world oil market details the politico-economic reality of oil during the 1980s, which stands in sharp contrast to the 1970s ''age of oil.'' The most important changes surveyed include the rise of non-OPEC suppliers, conservation steps initiated after the crises of 1973 and 1979, and the industrialized West's strategic reservice policy. These developments, concludes the author, caused a large oil glut, price declines, and a drop in suppliers' petrodollar reserves, which in turn weakened the international position of the Arab suppliers. As a consequence the West was able to deal with potential disruptive effects of the Gulf and Lebanon wars and caused Arab arms aid to confrontation states to decline, thus directly benefiting Israel. Contents include: World Oil Market--Trends, Structure, OPEC; Influence of Oil-glut on Middle East; Strategic Ramifications for Israel; Forecast for Oil Market Developments through the 1980s.

• OSTI ID: 5769181
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
ECONOMIC ANALYSIS
ECONOMICS
ENERGY CONSERVATION
ENERGY SOURCES
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INSTITUTIONAL FACTORS
INTERNATIONAL ORGANIZATIONS
MARKET
MIDDLE EAST
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PLANNING
POLITICAL ASPECTS
RESERVES
RESOURCES
STRATEGIC PETROLEUM RESERVE
SUPPLY AND DEMAND
SUPPLY DISRUPTION