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Counter-shock: The Oil Counter-Revolution of the 1980s

By Duccio Basosi (Editor), Giuliano Garavini (Editor), Massimiliano Trentin (Editor)
eBook
$43.15
By Duccio Basosi (Editor), Giuliano Garavini (Editor), Massimiliano Trentin (Editor)
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The oil price collapse of 1985-6 had momentous global consequences: non-fossil energy sources quickly became uncompetitive, the previous talk of an OPEC 'imperium' was turned upside-down, the Soviet Union lost a large portion of its external revenues, and many Third World producers saw their foreign debts peak. Compared to the much-debated 1973 `oil shock', the `countershock' has not received the same degree of attention, even though its legacy has shaped the present-day energy scenario. Th...

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