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.
General
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