OPEC and the World’s Energy Future
Its Legacy and Promise
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This work offers a complete account of OPEC’s past, present, and possible future in relation to economic, political, and technological changes. It focuses on the impacts of recent international political and economic developments and analyzes the factors affecting OPEC as well as the world oil market. The book describes the continued importance of oil and gas as major sources of energy throughout the world. It examines OPEC’s history and merits, highlights differences among OPEC members, and discusses OPEC’s relations with the outside world. The book also spends considerable amount of time concentrating on the impact of new technologies and how they may challenge and change the organization in the near and long term. Aimed at policy makers, managers, scientists, and technologists in the oil and gas industry, this work offers readers a thorough understanding of the interplay among international economics, politics, and technological advances and their effect on the world oil market.
Table of Contents
Part I. Introduction. 1. OPEC History. 2. Energy Future. Part II. OPEC’s Role in World Oil Market. 3. OPEC Finding Its Way. 4. Internal Rivalry. 5. External Conflict. Part III. Energy and Technology. 6. The Economics of Energy Technology. Part IV. Forces Shape the Energy Future. 7. Changes and Challenges. Part V. OPEC’s Existence. 8. Challenges to OPEC. 9. OPEC’s Strategies. 10. Future of OPEC.
Dr. Mohammed A. Alsahlawi is currently Professor of Economics, Department of Finance and Economics, College of Industrial Management, King Fahd University of Petroleum and Minerals (KFUPM), and earlier was Dean of the College of Industrial Management. The author holds a Ph.D. in Economics from the University of Wisconsin and MBA and BS in Chemical Engineering from KFUPM. He was a member of the Advisory Board of the Saudi Arabian Supreme Economic Council from 1997 to 2002. He established and was the Director of the Human Resources Development Fund (HRDF) (2001-2007). Dr. Alsahlawi serves on several editorial boards of international journals in energy economics and business economics and economic development/human resource management. He has advised private- and public-sector corporations on economic, managerial, and industrial issues. His publications have appeared in Energy Economics, The Energy Journal, The Journal of Energy and Development, and OPEC Review, among others.