Why can't the US sock it to OPEC
Disagreements over how the US can best deal with the Organization of Petroleum Exporting Countries (OPEC) have led to indecision on the part of policymakers, who claim each other's misconceptions are blocking a solution to the energy problem. Those who want to break up the cartel criticize Carter and Schlesinger for urging a policy of scarcity that has no leverage against OPEC. Those who are more optimistic see the OPEC price increases as a step toward decreasing demand and encouraging domestic production. Arguments in support of both positions are presented. Some of the proposed solutions include reliance on the World Bank to finance oil development in the Third World and a worldwide futures market in oil.
- OSTI ID:
- 6234735
- Journal Information:
- Inter Depend.; (United States), Journal Name: Inter Depend.; (United States) Vol. 6:5; ISSN INDED
- Country of Publication:
- United States
- Language:
- English
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021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
CARTELS
DEVELOPING COUNTRIES
ECONOMIC POLICY
ENERGY POLICY
FOREIGN POLICY
GOVERNMENT POLICIES
INSTITUTIONAL FACTORS
INTERNATIONAL COOPERATION
INTERNATIONAL ORGANIZATIONS
NORTH AMERICA
OIL-EXPORTING COUNTRIES
OPEC
POLITICAL ASPECTS
SUPPLY AND DEMAND
USA