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Petroleum question. Die Oelfrage

Abstract

The author analyses the development of the world petroleum market and its pricing factors to the present on the basis of the theory of ground rent, in which the part played by absolute ground rent, differential rent, and free and national state property in the capitalist mode of production is determined. His investigation of economic policy traces the absorbing history of the petroleum production and policy of the United States of America, which for so long governed the world market, the development of Venezuela into a petroleum country (whose true history is here revealed for the first time), the penetration of the middle East by the international petroleum leaseholders' capital and their cartel, the formation of the OPEC, and finally the 'victory' of the lather over the petroleum combines in the international petroleum crisis of 1970-1973. The book closes with a survey at the start of the 80s and an outlook into the foreseeable future. What is really hidden behind the quarrels about prices, profit, taxes, royalties, franchise agreements, production quotas, nationalization and so forth and behind the economic, political, and even moral arguments of the parties concerned turns out to be the fight of the petroleum ground proprietors for  More>>
Authors:
Publication Date:
Jan 01, 1983
Product Type:
Book
Reference Number:
FRG-84-04195; EDB-85-072328
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; 02 PETROLEUM; MIDDLE EAST; PETROLEUM INDUSTRY; PETROLEUM; ECONOMIC POLICY; USA; VENEZUELA; CONTRACTS; ENERGY POLICY; ENERGY SHORTAGES; GOVERNMENT POLICIES; OPEC; ROYALTIES; TAXES; DEVELOPING COUNTRIES; ENERGY SOURCES; FOSSIL FUELS; FUELS; INCOME; INDUSTRY; INTERNATIONAL ORGANIZATIONS; LATIN AMERICA; NORTH AMERICA; OIL-EXPORTING COUNTRIES; SHORTAGES; SOUTH AMERICA; 294002* - Energy Planning & Policy- Petroleum; 020700 - Petroleum- Economics, Industrial, & Business Aspects
OSTI ID:
5867234
Country of Origin:
Germany
Language:
German
Submitting Site:
DE
Size:
Pages: 272
Announcement Date:

Citation Formats

Mommer, B. Petroleum question. Die Oelfrage. Germany: N. p., 1983. Web.
Mommer, B. Petroleum question. Die Oelfrage. Germany.
Mommer, B. 1983. "Petroleum question. Die Oelfrage." Germany.
@misc{etde_5867234,
title = {Petroleum question. Die Oelfrage}
author = {Mommer, B}
abstractNote = {The author analyses the development of the world petroleum market and its pricing factors to the present on the basis of the theory of ground rent, in which the part played by absolute ground rent, differential rent, and free and national state property in the capitalist mode of production is determined. His investigation of economic policy traces the absorbing history of the petroleum production and policy of the United States of America, which for so long governed the world market, the development of Venezuela into a petroleum country (whose true history is here revealed for the first time), the penetration of the middle East by the international petroleum leaseholders' capital and their cartel, the formation of the OPEC, and finally the 'victory' of the lather over the petroleum combines in the international petroleum crisis of 1970-1973. The book closes with a survey at the start of the 80s and an outlook into the foreseeable future. What is really hidden behind the quarrels about prices, profit, taxes, royalties, franchise agreements, production quotas, nationalization and so forth and behind the economic, political, and even moral arguments of the parties concerned turns out to be the fight of the petroleum ground proprietors for the ground rent - but to win a victory in this fight means ultimately to face its limitations, too. Blindness to the economic and political importance of ground rent, right from the theoretical approach, also created a major cause of the false diagnoses and forecasts on the petroleum market western economic scientists were misled into, and thus of the surprise effect that came in the form of the petroleum crisis of the early 1970s.}
place = {Germany}
year = {1983}
month = {Jan}
}