Counter-shock
The Oil Counter-Revolution of the 1980s
Published on 31. October 2019
Book
Paperback/Softback
400 pages
978-1-83860-582-7 (ISBN)
Description
The oil price collapse of 1985-6 had momentous global consequences: non-fossil energy sources quickly became uncompetitive, the previous talk of an OPEC 'imperium' was turned upside-down, the Soviet Union lost a large portion of its external revenues, and many Third World producers saw their foreign debts peak. Compared to the much-debated 1973 `oil shock', the `countershock' has not received the same degree of attention, even though its legacy has shaped the present-day energy scenario. This volume is the first to put the oil `counter-shock' of the mid-1980s into historical perspective. Featuring some of the most knowledgeable experts in the field, Counter-Shock offers a balanced approach between the global
picture and local study cases. In particular, it highlights the crucial interaction between the oil counter-shock and the political `counterrevolution' against state intervention in economic management, put forward by Ronald Reagan and Margaret Thatcher in the same period.
picture and local study cases. In particular, it highlights the crucial interaction between the oil counter-shock and the political `counterrevolution' against state intervention in economic management, put forward by Ronald Reagan and Margaret Thatcher in the same period.
Reviews / Votes
The wide variety of perspectives adopted makes this volume complex and opens up important areas of future research ... A work that straddles economic history, political history and more specifically international relations, which illuminates in particular a significant historical junction to which contemporary history has not paid sufficient attention. * Biblioteca (Bloomsbury translation) * An important book, thoroughly crafted/planned by its editors [and] co-written by 20 contributors, mostly foreign and Italian academics. * Alberto Clo, Energia (Bloomsbury translation) *More details
Language
English
Place of publication
United Kingdom
Publishing group
Bloomsbury Publishing PLC
Target group
College/higher education
Illustrations
21 bw integrated
Dimensions
Height: 218 mm
Width: 86 mm
Thickness: 24 mm
Weight
500 gr
ISBN-13
978-1-83860-582-7 (9781838605827)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Duccio Basosi | Giuliano Garavini | Massimiliano Trentin
Counter-shock
The Oil Counter-Revolution of the 1980s
E-Book
04/2018
1st Edition
I.B. Tauris
€38.49
Available for download
Duccio Basosi | Giuliano Garavini | Massimiliano Trentin
Counter-shock
The Oil Counter-Revolution of the 1980s
E-Book
04/2018
1st Edition
I.B. Tauris
€38.49
Available for download
Persons
Duccio Basosi is Assistant Professor of History of International Relations at the Ca' Foscari University of Venice. He has worked extensively on the international political economy of the 1970s and 1980s. Between 2011 and 2016 he has coordinated the research project The Engines of Growth: A Global History of the Conflict between Renewables, Fossil and Fissile Energies 1972-1992, funded by the Italian Ministry of University and Research.
Giuliano Garavini is Senior Braudel Fellow at the European University Institute (EUI) in Florence and Visiting Senior Research Fellow in the Humanities at NYU Abu Dhabi. He headed the Padua unit of the project `The engines of growth: for a global history of the conflict between renewable, fossil, and fissile energies, 1972-1992', funded by the Italian Ministry of University and Research. He is the author of After Empires. European Integration, Decolonization and the Challenge from the Global South, 1957-1986 and co-editor of Oil Shock. The 1973 Crisis and its Economic Legacy.
Massimiliano Trentin is Assistant Professor of History and International relations of the Middle East at the Department of Political and Social Sciences, University of Bologna. He works on the International History of the Middle East and North Africa, with a special focus on the interplay between diplomacy, economics and development. He is the author of Engineers of Modern Development: East German Experts in Ba'thist Syria, 1965-1972, and editor of The Middle East and the Cold War: Between Security and Development. He is the Principal Investigator of the PRIN National Research Grant from the Italian Ministry of Scientific Research for the project The Making of the Washington Consensus: International Assets, Debts and Power 1979-1991.
Giuliano Garavini is Senior Braudel Fellow at the European University Institute (EUI) in Florence and Visiting Senior Research Fellow in the Humanities at NYU Abu Dhabi. He headed the Padua unit of the project `The engines of growth: for a global history of the conflict between renewable, fossil, and fissile energies, 1972-1992', funded by the Italian Ministry of University and Research. He is the author of After Empires. European Integration, Decolonization and the Challenge from the Global South, 1957-1986 and co-editor of Oil Shock. The 1973 Crisis and its Economic Legacy.
Massimiliano Trentin is Assistant Professor of History and International relations of the Middle East at the Department of Political and Social Sciences, University of Bologna. He works on the International History of the Middle East and North Africa, with a special focus on the interplay between diplomacy, economics and development. He is the author of Engineers of Modern Development: East German Experts in Ba'thist Syria, 1965-1972, and editor of The Middle East and the Cold War: Between Security and Development. He is the Principal Investigator of the PRIN National Research Grant from the Italian Ministry of Scientific Research for the project The Making of the Washington Consensus: International Assets, Debts and Power 1979-1991.
Content
List of Illustrations
List of Contributors
Introduction: Counter-shock and counter-revolution by Duccio Basosi, Giuliano Garavini and Massimiliano Trentin
PART I: OIL PRICES IN CONTEXT
1. Price regimes, price series and price trends: oil shocks and counter-shocks in historical perspective by Giovanni Favero and Angela Faloppa
2. The role of the dollar and the justificatory discourse of neoliberalism by David E. Spiro
3. The oil market and global finance in the 1980s by Catherine R. Schenk
4. Counter-shocked? The oil majors and the price slump of the 1980s by Francesco Petrini
PART II: THE PRODUCERS: OPEC
5. Saudi Arabia and the counter-shock of 1986 by Majid Al-Moneef
6. Iran and the counter-shock: oil as a weapon (for survival) by Claudia Castiglioni
7. Iraq, Saudi Arabia, and the counter-shock by Ibrahim Al-Marashi
PART III: THE PRODUCERS: NON-OPEC
8. Abandoning enforced autarky for re-insertion in the world petroleum market: Mexican oil policy, 1976-86 by Juan Carlos Boue
9. The double shock: the Soviet energy crisis and the oil price collapse of 1986 by Olga Skorokhodova
10. The counter-shock in Norwegian oil history by Einar Lie and Dag Harald Claes
11. Counter-shock or after-shock? North Sea oil and economics as politics in the UK, 1973-86 by Martin Chick
PART IV: THE CONSUMERS
12. Reducing dependence on OPEC-oil. The IEA's energy strategy between 1976 and the mid-1980s by Henning Tuerk
13. The United States and the oil price collapse of the 1980s by Victor McFarland
14. Back to the future: changes in energy cultures and patterns of consumption in the United States, 1973-86 by Elisabetta Bini
PART V: ENERGY AND ENVIRONMENTAL CHALLENGES
15. The rise of environmentalist movements and the debate on alternative sources of energy during the oil crisis in the United States by Angela Santese
16. The role of nuclear reactor technology on the development of the nuclear industry and decision making in the context of the price fluctuations of the 1970s and 1980s by Duncan Connors and Eshref Trushin
17. A small window. The opportunities for renewable energies from shock to counter-shock by Duccio Basosi
Notes
Bibliography
Index
List of Contributors
Introduction: Counter-shock and counter-revolution by Duccio Basosi, Giuliano Garavini and Massimiliano Trentin
PART I: OIL PRICES IN CONTEXT
1. Price regimes, price series and price trends: oil shocks and counter-shocks in historical perspective by Giovanni Favero and Angela Faloppa
2. The role of the dollar and the justificatory discourse of neoliberalism by David E. Spiro
3. The oil market and global finance in the 1980s by Catherine R. Schenk
4. Counter-shocked? The oil majors and the price slump of the 1980s by Francesco Petrini
PART II: THE PRODUCERS: OPEC
5. Saudi Arabia and the counter-shock of 1986 by Majid Al-Moneef
6. Iran and the counter-shock: oil as a weapon (for survival) by Claudia Castiglioni
7. Iraq, Saudi Arabia, and the counter-shock by Ibrahim Al-Marashi
PART III: THE PRODUCERS: NON-OPEC
8. Abandoning enforced autarky for re-insertion in the world petroleum market: Mexican oil policy, 1976-86 by Juan Carlos Boue
9. The double shock: the Soviet energy crisis and the oil price collapse of 1986 by Olga Skorokhodova
10. The counter-shock in Norwegian oil history by Einar Lie and Dag Harald Claes
11. Counter-shock or after-shock? North Sea oil and economics as politics in the UK, 1973-86 by Martin Chick
PART IV: THE CONSUMERS
12. Reducing dependence on OPEC-oil. The IEA's energy strategy between 1976 and the mid-1980s by Henning Tuerk
13. The United States and the oil price collapse of the 1980s by Victor McFarland
14. Back to the future: changes in energy cultures and patterns of consumption in the United States, 1973-86 by Elisabetta Bini
PART V: ENERGY AND ENVIRONMENTAL CHALLENGES
15. The rise of environmentalist movements and the debate on alternative sources of energy during the oil crisis in the United States by Angela Santese
16. The role of nuclear reactor technology on the development of the nuclear industry and decision making in the context of the price fluctuations of the 1970s and 1980s by Duncan Connors and Eshref Trushin
17. A small window. The opportunities for renewable energies from shock to counter-shock by Duccio Basosi
Notes
Bibliography
Index