Policies of Gulf oil production

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

OSTI ID:6207829

Jaidah, A M

The oil-exporting countries (Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, and Oman) of the Persian Gulf share a common lopsided socio-economic structure because of their single hydrocarbon resource and their lack of water to support agriculture. Their future depends on their ability to translate oil revenues into more-diversified economic development, which may take longer than the life-span of their oil reserves. A single depletable resource calls for conservationist policies that optimize extraction rates and protect the long-term market value of the resource. Non-OPEC producers must be urged to accommodate to rather than undermine OPEC price fluctuations. OPEC producers should adhere to an established ceiling and floor to production. Large-scale consumers should develop technology transfers that will help their oil suppliers develop. 1 table. (DCK)

• OSTI ID: 6207829
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 8:1; 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
ARABIAN SEA
ECONOMIC DEVELOPMENT
ECONOMIC POLICY
GOVERNMENT POLICIES
INDIAN OCEAN
OIL-EXPORTING COUNTRIES
PERSIAN GULF
RESOURCE DEPLETION
SEAS
SURFACE WATERS