Oil's shaken foundation. [The effects of the Gulf War on the petroleum industry and the global economy]

Journal Article · · World Watch; (United States)

OSTI ID:6702107

Flavin, C

While the immediate effects of the Gulf War were loss of life and damage to the regions environment, it is clear that there will be greater long-term effects on the global economy. The Gulf region faces overwhelming economic, social, and political problems, and the changing patterns of oil production, as well as increasing demand, world-wide mean even more dependency on Mid-eastern oil. Unfortunately politics, not economics, seems to be the driving force in the oil markets. Short term oil bargins between the US and Kuwait and Saudi Arabia are likely to be an excuse for not improving energy efficiency and developing energy alternatives.

• OSTI ID: 6702107
• Journal Information: World Watch; (United States), Journal Name: World Watch; (United States) Vol. 5:1; ISSN 0896-0615; ISSN WOWAEE
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
ASIA
DEMAND
DEVELOPING COUNTRIES
ECONOMY
EFFICIENCY
ENERGY EFFICIENCY
ENERGY SOURCES
ENVIRONMENT
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INDUSTRY
INSTITUTIONAL FACTORS
KUWAIT
MARKET
MIDDLE EAST
PETROLEUM
PETROLEUM INDUSTRY
PRODUCTION
SAUDI ARABIA
SOCIO-ECONOMIC FACTORS