Oil exporting developing countries have the common problem of how best to transform their valuable but nonrenewable oil reserves into a permanent flow of income for achieving their long term development objectives. The most fundamental dynamic choices of these economies can be s…
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The Organization of Petroleum Exporting Countries (OPEC) was established for the purpose of allowing its members to act collectively. However, the history of OPEC reveals that the members have experienced wide variations in their ability to act collectively. Over its entire hist…
Two oil price shocks changed the pattern of cheap oil. The first was the Arab embargo on oil exports in 1973. Oil prices rose five fold. In 1978, the second was the fall of Shah Iran. Prices soared to 80-100 a barrel in today's prices. In 1960, OPEC was established and since the…
The purpose of this thesis is to determine the likely leaders of the Persian Gulf in the 1990s. The thesis focuses on Iran and Saudi Arabia's roles as both economic powers and political leaders in the Gulf. Political and economic trends indicate that Iran's current internal inst…
The dissertation examines Saudi oil policy, focusing mainly on the first half of the 1980s. In this period, Saudi Arabia played a "swing producer" role to control oil prices in the world oil market. This behavior of Saudi decision-makers can be understood within the economic fra…
In the debate over Saudi oil policy three analytical approaches may be distinguished. One approach views Saudi oil policy as emanating from economic factors, another from political factors, and a third from both. The two-fold purpose of the dissertation is to validate the third,…