OPEC oil

Book · Mon Jan 01 04:00:00 EST 1979

OSTI ID:6700010

Allen, L

Since its formation in 1960, the actions of the Organization of Petroleum Exporting Countries (OPEC) have upset the world power balance, intensified inflation and recession, and forced oil-consuming countries to make both internal and external changes in their national policies. At the same time, members of OPEC have benefited through the accumulation of greater resources for the welfare of their countries as well as through growth and development opportunities. Tracing the development of OPEC and its role in world oil, the book focuses on OPEC as a natural response to world economic growth, the conditions of world oil, and the struggle for control over its supply. The world's oil problems are the result of legitimate but conflicting interests. It is important for Americans to understand how and why these countries of OPEC behave as they do, and what their actions imply for oil, the standard of living, and growth. 162 references.

• OSTI ID: 6700010
• 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
ECONOMIC DEVELOPMENT
ECONOMIC IMPACT
FOREIGN POLICY
GLOBAL ASPECTS
GOVERNMENT POLICIES
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
OPEC
STABILITY