This contributed volume examines the far-reaching effects of the weakening of OPEC's cohesion and influence in the 1980s, the resulting decline of oil prices, and the accompanying economic reversals. These events resulted in both fortune and misfortune for oil users and producers and dramatically changed energy economics worldwide. Moreover, as revealed in this volume, the decade of the 1980s demonstrated that oil producers and oil importers can prosper in an atmosphere of mutual respect, cooperation, and moderation.
The work examines major oil-related topics such as the experiences of OPEC and non-OPEC oil suppliers in the 1980s, adjustment and response of oil importers to changes in the oil market, the impact of oil price changes on both the developed and developing world, and possible future developments in the global oil market. This volume will be of interest to scholars of energy and international economics, as well as professionals in the area of energy development and markets.
Inhaltsverzeichnis
Preface
Introduction
OPEC and Non-OPEC Supplier Experience
Falling Oil Prices and Exchange Rate Fluctuation by Se-Hark Park
A Theoretical Framework for Macroeconomic Modeling of OPEC Members by Siamack Shojai
OPEC Strategies for the Monopoly Oil Profits by Yousaf Hasan J. Mohammad
The Mexican Experience by Eric G. Davis
Fiscal Stress in Saudi Arabia: Budgetary Adjustments in an Era of Declining Oil Revenues by Robert E. Looney
The Oil Importers' Adjustment and Response
Oil in the 1980s: An OECD Perspective by Edward T. Dowling and Francis G. Hilton
Petroleum Prices and Economic Performance in the G-7 Countries by Dominick Salvatore
World Oil Prices and Macroeconomic Activity in the OECD by Greg A. Winczewski
The U. S. Oil Industry Response by Margaret A. Walls and Andrew S. Jones
Changes in World Oil Prices, 1980-1988: A General Equilibrium Perspective by Roy Boyd, Radjindar K. Koshal, and Noel D. Uri
Oil Prices and the LDC's
Third World Debt and Oil Prices by Hamid Zangeneh
Changing Terms of Trade and the LDCs by Abbas Pourgerami
OPEC Aid to Less-Developed Countries by Ira N. Gang
The Learning Curve
Predicting the Price of Oil by Naci H. Mocan and Ahmet E. Kocagil
Futures Market for Crude Oil by Kamran M. Dadkhah
Measuring the Effects of Changing Oil Prices by Anthony E. Bopp and George M. Lady
Select Bibliography
Index
