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.
Table of Contents
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