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Hardcover
Published: 27th August 1993
ISBN: 9780521331432
Number Of Pages: 324
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Published: 3rd February 2011After a century of exponential growth, the international oil industry suddenly slowed down in the 1970s, faltered during the 1980s, and by 1991 was just about back to its 1979 level. That break in trend of its dominance in world energy became clear in 'the OPEC decade' from 1973 onwards, gaining a surge of riches for oil-exporting countries. This book is a descriptive analysis of current influences in the world oil trade. It is concerned with a central unchanged paradox of the industry - its preoccupation with maximising the production of high-cost rather than low-cost oil. It follows the rise and decline of OPEC monopoly power in the crude market, and shows how growth in the international oil business has almost ceased since the late seventies, exploring the reasons behind this slow-down. The author has had twenty-five years of practical experience in petroleum economics.
'Oil Trade is one of those rare books which can act as an introduction to the subject but which the specialist can also read with value ... this is a very welcome addition to the literature.' Development Policy Review
| List of figures | |
| List of tables | |
| List of tabular boxes | |
| Preface | |
| List of abbreviations | |
| Pause or plateau? | p. 1 |
| A discontinuity in trade | p. 31 |
| Cost: concepts and comparisons | p. 50 |
| Ambitions of autarky? | p. 76 |
| Still the prime mover | p. 93 |
| An industry restructured | p. 114 |
| Governments in the oil business | p. 138 |
| The Opec performance | p. 169 |
| A confusion of prices | p. 195 |
| Perspectives of supply | p. 225 |
| A contrast of expectations | p. 252 |
| A sustainable paradox? | p. 272 |
| Appendix 1 What are oil reserves? | p. 288 |
| Appendix 2 A note on energy and oil statistics | p. 292 |
| Bibliography | p. 294 |
| Index | p. 299 |
| Table of Contents provided by Blackwell. All Rights Reserved. |
ISBN: 9780521331432
ISBN-10: 0521331439
Series: Cambridge Studies in Energy & the Environment
Audience:
Professional
Format:
Hardcover
Language:
English
Number Of Pages: 324
Published: 27th August 1993
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 23.67 x 16.03
x 2.44
Weight (kg): 0.59
Earn 464 Qantas Points
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