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The oil industry is the world’s largest commercial enterprise. Its extent is global; international issues are consistently influenced by considerations of oil production and consumption, while the international communications networks of the larger oil companies rival those of many nations. In this, the eighth edition of Oil and World Power, published in 1986, Peter Odell explains the complexities of this gigantic empire and its influence on the world. The far-reaching chapters discuss the U.S.A, the Soviet Union, O.P.E.C., Japan and the oil-consuming countries of the developing world. Evaluating the changing patterns of oil supply and the dramatic fall in oil prices in 1986, Odell proposes a number of forward-thinking conclusions surrounding the relationship between oil in global politics and economic development. This is an exceptionally interesting and relevant work, of great value to those with an interest in the oil industry, global power and international economic development.
List of Maps, Figures and Tables; Preface; 1. Introduction: The World’s Oil Industry 2. The U.S.A. and World Oil 3. Soviet Oil Development 4. The Major Oil-Exporting Countries 5. Oil Policies in Western Europe 6. Japan: Growth and Dependence on Oil Imports 7. Dependence on Oil in the Developing World 8. Oil in International Relations and World Economic Development 9. The Revolution in the World of Oil Power, 1970-75 10. The Response to O.P.E.C.’s Challenge 11. Postscript; Suggestions for Further Reading; Index
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