Originally published in 1985 by a group of international experts and oil industry officials, this book surveys the dramatic changes which took place in the oil industry in the second half of the twentieth century. It discusses the role of OPEC and the long term impact its decisions had for both producers and oil consumers and examines possible future trends in the oil industry structure and stability, together with the possible consequences for North Sea oil and gas development.
1. The Oil Industry: Some Personal Recollections and Opinions Lord Kearton 2. A Survey of Structural Change in the International Oil Industry 1945-1984 Paul Stevens 3. Standing the Test of Time Richard Reid 4. Government Sellers in a Restructured Crude Oil Market Jack E. Hartshorn 5. OPEC and Structural Change Ian Seymour 6. Downstream Implications of Structural Change Edith Penrose 7. Structure, Stability and Policy - Panel Discussion Peter Beck, David Howell, Walid Khadduri, Colin Robinson, John Wiggins 8. Survey of Oil Price Expectations David Hawdon
In view of the recent decline of the quality of various domestic energy and natural resources and the uncertain nature of the availability of foreign supplies it is becoming increasingly important for many countries to be able to forecast more reliably the demand for energy and resources. Many of the volumes in this set, originally published between 1936 and 1995, provide models with which to measure the impact of policy decisions and technological change. Others analyze and discuss many of the issues which have enduring relevance: ailing global coal mining industries, the advent of new energy forms, increased competition from cheaper sources, strict pollution legislation and the impact that all of these issues have on productivity and employment.