Energy and minerals: some developmental issues. [Development financing and investment insurance]

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:7280716

Mikdashi, Z

The 1973-1974 rapid change in OPEC prices and tax rates brought large wealth to oil-exporting countries and serious adjustment problems to oil-importing countries. The author feels that the OPEC countries might have been wiser to have increased prices gradually; this might have averted the U.S. government's strong reaction in mobilizing countervailing collective efforts by the major oil importers, and in developing alternative energy sources and instituting conservation measures. OPEC could not effect gradual price increases from 1960 to 1972, because pricing of oil exports was the outcome of negotiations between host governments and transnational concessionaires. Gradually OPEC was able to assert control over their natural sources either by nationalization or negotiated participation. This article analyzes several policy issues of significance to major protagonists of the natural resources industries, concentrating on certain areas of development financing and foreign investments insurance. (From Introduction)

• Research Organization: Centre d'Etudes Industrielles, Geneva
• OSTI ID: 7280716
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 1:2; ISSN JENDD
• 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
290400 -- Energy Planning & Policy-- Energy Resources
294002 -- Energy Planning & Policy-- Petroleum
CAPITAL
DATA
ECONOMIC POLICY
ECONOMICS
ENERGY SOURCES
FINANCIAL DATA
INDUSTRY
INFORMATION
INSURANCE
INTERNATIONAL ORGANIZATIONS
INVESTMENT
MINERALS
OPEC
PETROLEUM INDUSTRY
PROFITS
TAXES