
Oil Security
Retrospect and Prospect
Brookings Institution (Publisher)
Published on 1. August 1993
Book
Paperback/Softback
102 pages
978-0-8157-2979-2 (ISBN)
Description
Oil stands alone among primary commodities in its potential for sending economic shock waves across the world. The value of oil production is one and a half times the world's total production of food grains; demand is unresponsive to price in the short run; and the world's oil resources are heavily concentrated in the Middle East, where political disturbances have been chronic and oil supply is subject to sudden interruption. Together, these factors have made oil a virtual rogue elephant in the world economy since 1973.
This book discusses the oil shocks of 1973-74, 1979-80, and the ""minishock"" of 1990-91, and examines the possibility of oil shocks over the next twenty years. The authors assess the world market outlook on the basis of underlying trends on world oil supply and demand. They take into account prospects for investment in oil production in the Persian Gulf states, the former Soviet republics, and Latin America; environmental factors and policies; and political uncertainties in the Middle East.
This book discusses the oil shocks of 1973-74, 1979-80, and the ""minishock"" of 1990-91, and examines the possibility of oil shocks over the next twenty years. The authors assess the world market outlook on the basis of underlying trends on world oil supply and demand. They take into account prospects for investment in oil production in the Persian Gulf states, the former Soviet republics, and Latin America; environmental factors and policies; and political uncertainties in the Middle East.
More details
Language
English
Place of publication
United States
Publishing group
Bloomsbury Publishing Plc
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 6 mm
Weight
161 gr
ISBN-13
978-0-8157-2979-2 (9780815729792)
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Schweitzer Classification
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E-Book
12/2010
1st Edition
Brookings Institution
€15.49
Available for download

E-Book
12/2010
Bloomsbury eBooks US
€15.49
Available for download
Persons
Edward R. Fried is a senior fellow in the Foreign Policy Studies program at Brookings and a coeditor of Third World Debt (1989) and Building a Canadian-American Free Trade Area (1987). He served as President Carter's adviser on international energy and was U.S. executive director at the World Bank.Philip H. Trezise is a senior fellow in the Foreign Policy Studies program at Brookings and a coeditor of Third World Debt (1989) and Building a Canadian-American Free Trade Area (1987). He was assistant secretary of state during the Nixon administration.