OPEC's billions

Journal Article · · Brookings Bull.; (United States)

OSTI ID:6470515

MacLaury, B K

A few financial markets and institutions have had the burden of redistributing financial assets of the Organization of Petroleum Exporting Countries (OPEC) since the 1973 embargo, but indications are that financial instabilities from OPEC dollar surpluses are diminishing. Evidence for this conclusion is seen in the dwindling level of OPEC surpluses as imports to OPEC nations expand and world demand for oil is dropping. This does not ensure stable world markets, however, because disruptions can come from the high concentration of OPEC reserves, the growing debts of the less developed countries, and the risk for U.S. banks from increased exposure on foreign loans.

• OSTI ID: 6470515
• Journal Information: Brookings Bull.; (United States), Journal Name: Brookings Bull.; (United States) Vol. 15:2; ISSN BROBA
• 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
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
EXPORTS
GLOBAL ANALYSIS
IMPORTS
INCOME DISTRIBUTION
INFLATION
INTERNATIONAL COOPERATION
INTERNATIONAL ORGANIZATIONS
INVESTMENT
MARKET
MATHEMATICS
OPEC
PROFITS
TRADE