Oil Trade

Politics and Prospects

By: J. E. Hartshorn

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Hardcover | 1 November 1993

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324 Pages

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23.5 x 15.9 x 2.2

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After 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, which was originally published in 1993, is a descriptive analysis of 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 slowdown. The author has had twenty-five years of practical experience in petroleum economics.

Industry Reviews

'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

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You Can Find This Book In

Non-Fiction Politics & Government International Relations Engineering & Technology Energy Technology & Engineering Fossil Fuel Technologies Petroleum Technology Industry & Industrial Studies Energy Industries & Utilities Petroleum & Oil Industries Economics Environmental Economics

Business & Management International Business Labour Economics International Economics

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Paperback

Published: 3rd February 2011

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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.

Oil Trade

Politics and Prospects

At a Glance

Hardcover

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

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