Middle East Oil Crises Since 1973

by Benjamin Shwadran

Overview

The production and consumption of oil has emerged as a major factor in international economics in general and in regional and national development in particular. The struggle for access to oil and gas resources has become even more fierce, affecting the long-range strategic planning of the superpowers and causing a shift in the world balance of trade. Middle East Oil Crises Since 1973 is the logical sequel to Dr. Shwadran's classic, The Middle East, Oil and the Great Powers. In this new work, Dr. Shwadran delineates the changes in the power equation, the political atmosphere, and the resources of the participants since 1973. He marshals persuasive evidence to show that economic forces, narrow vision, and the absence of strategic planning were the major contributing factors for the oil crises of the past decade, rather than the Arab-Israeli war.

Product Details

ISBN-13:	9780429717871
Publisher:	Taylor & Francis
Publication date:	03/05/2019
Sold by:	Barnes & Noble
Format:	eBook
Pages:	270
File size:	2 MB

About the Author

Shwadran, Benjamin

Table of Contents

Preface -- Introduction: 1901-1971 -- From the Teheran and Tripoli Agreements to the 1973 Crisis -- First Oil Crisis— The October 1973 Embargo -- Rapid Ascendancy of the Producing Countries -- Consumer Resistance Efforts -- The Evolution of Opec -- Surpluses and Recycling -- The Second Oil Crisis: 1979–1980 -- A Third Crisis— for the Producers -- Possible Solutions -- Epilogue—Developments between July 1985 and March 1986