0
Your cart

Your cart is empty

Books > Social sciences > Politics & government > International relations

Buy Now

OPEC - The Failing Giant (Hardcover) Loot Price: R927
Discovery Miles 9 270
OPEC - The Failing Giant (Hardcover): Mohammed E. Ahrari

OPEC - The Failing Giant (Hardcover)

Mohammed E. Ahrari

 (sign in to rate)
Loot Price R927 Discovery Miles 9 270 | Repayment Terms: R87 pm x 12*

Bookmark and Share

Expected to ship within 10 - 15 working days

A glut of oil, dropping prices, the threat of insolvency, a divided membership -- these developments in the early weeks of 1985 underline the cogency of Mohammed Ahrari's historical study of the OPEC oil cartel and his argument that economic forces, not politics, determine OPEC's action in the world arena. The impetus for the formation of OPEC in 1960 was the desire of the oil-producing states for greater income from their most valuable resource. The international oil corporations had secured lucrative concessions early in this century, and in the 1960s they still dictated both the terms of production and the prices paid the oil states. In the buyers' market of the 1960s, the organization found itself with little economic clout. But in the early 1970s, OPEC members succeeded not only in manipulating the price of crude oil but in reducing the status of the oil corporations to that of mere managers of upstream operations. In addition, they accumulated enormous numbers of petrodollars by exploiting increasingly tight markets in the aftermath of the oil embargo of 1973 and the Iranian revolution in 1979. The effects of OPEC policies on the consuming countries have been skyrocketing inflation and sustained recession, with profound political repercussions. But the OPEC members have found their apparent power an uncertain blessing, as Mr. Ahrari demonstrates. Their failure to develop pricing formulas sensitive to fluctuations in the international oil market have made them highly vulnerable. In addition, the political tensions emanating from the Iran-Iraq war and from the specter of repetition of Iranian-style revolution elsewhere in the Persian Gulf have made OPEC's continued viability highly uncertain.

General

Imprint: The University Press of Kentucky
Country of origin: United States
Release date: February 1986
First published: February 1986
Authors: Mohammed E. Ahrari
Dimensions: 230 x 150 x 19mm (L x W x T)
Format: Hardcover
Pages: 272
ISBN-13: 978-0-8131-1552-8
Categories: Books > Social sciences > Politics & government > International relations > General
Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
LSN: 0-8131-1552-3
Barcode: 9780813115528

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

You might also like..

The Asian Aspiration - Why And How…
Greg Mills, Olusegun Obasanjo, … Paperback R350 R273 Discovery Miles 2 730
A Soviet Journey - A Critical Annotated…
Alex La Guma Paperback R330 R240 Discovery Miles 2 400
Extremisms In Africa
Alain Tschudin, Stephen Buchanan-Clarke, … Paperback  (1)
R320 R250 Discovery Miles 2 500
Iron In The Soul - The Leaders Of The…
F. A. Mouton Paperback  (1)
R99 Discovery Miles 990
Churchill & Smuts - The Friendship
Richard Steyn Paperback  (6)
R310 R248 Discovery Miles 2 480
Spy - Uncovering Craig Williamson
Jonathan Ancer Paperback  (6)
R280 R219 Discovery Miles 2 190
International Brigade Against Apartheid…
Ronnie Kasrils, Muff Andersson, … Paperback R320 R250 Discovery Miles 2 500
Russia In Africa - Resurgent Great Power…
Samuel Ramani Paperback R380 R297 Discovery Miles 2 970
A Promised Land
Barack Obama Hardcover  (6)
R699 R546 Discovery Miles 5 460
Revolt - The Worldwide Uprising Against…
Nadav Eyal Paperback  (1)
R360 R281 Discovery Miles 2 810
The Globalization Myth - Why Regions…
Shannon K O'Neil Paperback R480 R384 Discovery Miles 3 840
The BRICS In Africa - Promoting…
Funeka Y. April, Modimowabarwa Kanyane, … Paperback R295 R231 Discovery Miles 2 310

See more

Partners