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

Economics of the oil crisis. [views of 9 economists]

Book ·
OSTI ID:7306142
A rapid increase in oil prices in 1973 caused worldwide economic disruptions and speculations over the long-term international effects of actions by the Organization of Petroleum Exporting Countries (OPEC). Nine economists interpret the implications of higher oil prices in the historical context of international trade and monetary policies as they relate to changes in energy demand and supply. The changing relationships of consumer and producer nations, both for oil and non-oil products, is explored. Capital requirements for new energy source development and investment opportunities for ''petrodollars'' will initiate new economic and energy policies for all nations, each of which must understand the interdependencies of economic and energy decisions. A separate abstract was prepared for each of the nine chapters. 45 references. (DCK)
OSTI ID:
7306142
Country of Publication:
United States
Language:
English