Oil Trade Politics and Prospects [Hardcover]

This 1993 book is a descriptive analysis of the influences in the world oil trade.This book is a descriptive analysis of current influences in the world oil trade. It is concerned with a central unchanged paradox of the industry SH 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 slow-down. The author has had twenty-five years of practical consultancy in petroleum economics.This book is a descriptive analysis of current influences in the world oil trade. It is concerned with a central unchanged paradox of the industry SH 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 slow-down. The author has had twenty-five years of practical consultancy in petroleum economics.This book is a descriptive analysis of current influences in the world oil trade. It is concerned with a central unchanged paradox of the industry--its preoccupation with maximizing the production of high-cost rather than low-cost oil. It follows the rise and decline of OPEC monopoly power in the crude market, shows how growth in the international oil business has almost ceased since the late seventies, and explores the reasons behind this slowdown. The author has had twenty-five years of practical consultancy in petroleum economics.List of figures; List of tables; List of tabular boxes; Preface; List of abbreviations; 1. Pause or plateau?; 2. A discontinuity in trade; 3. Costs: concepts and comparisons; 4. Ambitions of autarky; 5. Still the prime mover; 6. An industry restructured; 7. Governments in the oil business; 8.l