The Third Oil Shock (Routledge Revivals): The Effects of Lower Oil Prices, 1st Edition (Paperback) book cover

The Third Oil Shock (Routledge Revivals)

The Effects of Lower Oil Prices, 1st Edition

By Joan Pearce


109 pages

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pub: 2018-01-18
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First published in 1983, this book a number of collects the essays about the effects of a sustained period of low oil prices. The opening chapter describes how oil prices have impinged on other elements of the economy and assesses the costs and benefits, in the short and long term, of low prices. The following three chapters deal with different groups of countries and indicate clearly that for none of them do lower oil prices have unequivocally positive or negative effects — a situation examined in the chapter on the international financial system. The last three chapters analyse the shifts lower prices are likely to produce in relations among the groups closely involved in the oil market.

Table of Contents

Preface; 1 Am Overview: Gains, Costs and Dilemmas by Edward L. Morse 2 Oil-exporting Countries by Albert Bressand, Catherine Distler and Ghassane Salame 3 Oil-importing Developing Countries by David Pearce 4 The USSR and Eastern Europe by Jonathan P. Stern 5 The International Financial System by Kenneth King 6 OPEC by Louis Turner 7 Managing Energy Insecurity by Hanns W. Maull 8 The Oil Industry by Adrian D. Hamilton

About the Series

Routledge Revivals

Are there elusive titles that you need and have been trying to source for years but thought that you would never be able to find?

Well this may be the end of your quest – here is a fantastic opportunity for you to discover past brilliance and purchase previously out of print and unavailable titles by some of the world’s most eminent academic scholars.

Drawing from over 100 years of innovative, cutting-edge publishing, Routledge Revivals is an exciting programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

Routledge Revivals spans the whole of the Humanities and Social Sciences, and includes works by some of the world’s greatest thinkers including Emile Durkheim, Max Weber, Simone Weil, Martin Buber, Karl Jaspers and Max Beloff.

If you are interested in Revivals in the Behavioral Sciences, please visit

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic Conditions
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Industries / Energy Industries