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U.S. Department of Energy
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Analysis of changes in OPEC's crude oil prices, current account, and surplus investments, with emphasis upon oil-revenue purchasing power - 1973 through 1980

Thesis/Dissertation ·
OSTI ID:6036313

The study sought to provide a comprehensive investigation of changes in the Organisation of Petroleum Exporting Countries (OPEC) crude oil prices, current-account balance, and current-account surplus investments abroad. The study emphasized analysis and, to some extent, quantification of the real value, or purchasing power, of OPEC oil revenues. The research approach was descriptive-elemental to expand upon characteristics of variables identified for the study. Research questions were answered by direct findings for each question. The method utilized for the study included document research and statistical analyses of data derived. The aim was to obtain complete and accurate information. The study compiled documented data regarding OPEC's crude oil prices, current-account balance, and current-account surplus investments abroad and analyzed the purchasing power of oil revenues as time passed and events occurred over the eight years from 1973 through 1980.

OSTI ID:
6036313
Country of Publication:
United States
Language:
English