This book is a descriptive analysis of current influences in the world oil trade. It is concerned with a central unchanged paradox of the industryits 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.
|Publisher:||Cambridge University Press|
|Series:||Cambridge Energy and Environment Series|
|Edition description:||New Edition|
|Product dimensions:||6.20(w) x 9.10(h) x 1.10(d)|
Table of Contents
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. The OPEC performance; 9. A confusion of prices; 10. Perspective of supply; 11. A contrast of expectations; 12. A sustainable paradox?; Appendices; Bibliography; Index.