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U.S. Department of Energy
Office of Scientific and Technical Information

OPEC: 10 years later

Journal Article · · Petro Impact; (United States)
OSTI ID:7104523

This paper summarizes the trends and developments in the OPEC cartel since the Arab oil boycott. It discusses the economic developments among OPEC countries and the impacts on the US economy caused price increases. It discusses the adjustments the US and other world markets are making to cut the amounts of oil consumption. The paper also goes on to discuss the effects of a possible Persian Gulf cut-off of oil to the US and US allies. The effects of falling oil prices on Arab oil producers as compared to benefits are compared.

OSTI ID:
7104523
Journal Information:
Petro Impact; (United States), Journal Name: Petro Impact; (United States) Vol. 6:3; ISSN PETIE
Country of Publication:
United States
Language:
English