Opec:
Twenty-Five Years of Prices and Politics

This book examines the history of OPEC, and the events that shaped the organisation and the world economy since its creation in 1960.

Ian Skeet (Author)

9780521405720, Cambridge University Press

Paperback, published 29 November 1991

276 pages
23 x 15.2 x 1.5 cm, 0.408 kg

This book was first published in 1988. It looks at the history of OPEC, and the political and economic events that have shaped the organisation and the world economy since its creation in 1960. It covers the background to its establishment, the years in which it struggled to find a role, and the critical years of 1970–73 which revolutionised attitudes and structures in the oil industry. It deals with the success and failure of OPEC as an international player in the post-1973 period, and the effect of the Iranian revolution and the Iran–Iraq war on the organisation, and its efforts to run a cartel in the 1980s. A final chapter looks at post-1985 OPEC and its expectations for the immediate future.

List of tables
Acknowledgements
Note on text and sources
Map
Introduction
Part I. Negotiation: 1. Establishment 1960–64
2. Consolidations 1965–69
3. Ascendancy 1970–October 1973
4. Interval
Part II. Management: 5. Orientations October 1973–74
6. Restraint 1975–78
7. Interval
Part III. Cartel: 8. Explosion 1979–80
9. Quotas 1981–83
10. Cartel 1983–85
Interval
Part IV. Reconstruction: 12. Strategies 1986
Review
Appendices
Notes
Bibliography
Index.

Subject Areas: Macroeconomics [KCB]