Originally published in 1985. This book gives the views of both oil producers and oil consumers, detailing in a systematic manner the problems that they have encountered in the energy field and the solutions that they have devised to deal with them. The book makes clear that producers and consumers have common purpose in the conservation and judicious management of the dwindling and non-renewable world oil resources. It also makes clear that they share a consistent vision of the industry’s future development.
The contributions to the book explore a range of important themes in the development of the energy sector. The future of OPEC is discussed in the context of the state of the world oil market. Other chapters consider the lessons that have been drawn by the Arab Gulf oil producers and throughout the book there is comparison with the experience of Canada providing a number of important insights into the operation of the world oil industry.
Table of Contents
Introduction Atif A. Kubursi and Thomas Naylor 1. OPEC and the Changing Structure of the World Oil Market Abbas Al-Nasrawi 2. The World Oil Market for the Balance of the 1980s: Stability or Turmoil? Lloyd C. Atkinson 3. The Future of Oil Prices Abdullah El-Kuwaiz 4. The Social Impact of Higher Oil Revenues on the Gulf Region Mohammed Al-Rumaihi 5. Petroleum Policies of the Arab Countries and Their Relations with the Industrialised Countries Abdelkader Maachou 6. Canada’s National Energy Policy P. M. Tellier 7. The National Energy Program After Three Years: An Economic Perspective Brian L. Scarfe