This book addresses the economic and financial disturbances in the consuming countries and friction and tensions among the Western allies. It provides an analysis of possible solutions to the energy problem. It is useful for professionals in the petroleum industry and the Middle East in general.
1. Introduction: 1901–1971 2. From the Teheran and Tripoli Agreements to the 1973 Crisis 3. First Oil Crisis—The October 1973 Embargo 4. Rapid Ascendancy of the Producing Countries 5. Consumer Resistance Efforts 6. The Evolution of OPEC 7. Surpluses and Recycling 8. The Second Oil Crisis: 1979–1980 9. A Third Crisis—For the Producers 10. Possible Solutions 11. Epilogue—Developments Between July 1985 and March 1986