Politics and Prospects
By (author) J. E. Hartshorn
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Oil Trade by J. E. Hartshorn
Book DescriptionAfter 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.
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Book DetailsISBN: 9780521331432
(228mm x 152mm x 22mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 27-Aug-1993
Country of Publication: United Kingdom
Books By Author J. E. Hartshorn
Oil Trade, Paperback (February 2011)» View all books by J. E. Hartshorn
This 1993 book is a descriptive analysis of the influences in the world oil trade.
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