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  • Cited by 16
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    • Publisher:
      Cambridge University Press
      Publication date:
      27 January 2010
      27 August 1993
      ISBN:
      9780511582400
      9780521331432
      9780521147453
      DOI:
      https://doi.org/10.1017/CBO9780511582400
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.601kg, 324 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.48kg, 324 Pages
      • Subjects:
      Economics, History after 1945 (General) , International Economics, Applied Geoscience, Petroleum and Mining Geoscience, History
      Series:
      Cambridge Energy and Environment Series
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    • Selected: Digital
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    Subjects:
    Economics, History after 1945 (General) , International Economics, Applied Geoscience, Petroleum and Mining Geoscience, History
    Series:
    Cambridge Energy and Environment Series
    Information

    Book description

    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.

    Reviews

    Review of the hardback:‘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.’

    Source: Development Policy Review

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