The myth of the OPEC cartel
Subtitle: the role of Saudi Arabia
By: Ali D. Johany.
Publisher: University of Petroleum and Minerals; J. Wiley
Published: 1980
Place of publication: Dhahran, Saudi Arabia; Chichester; New York
Language: eng
Number of pages: 107
Subjects: Organization of Petroleum Exporting Countries -- History.; Petroleum products -- Prices -- History.; Petroleum products -- Prices -- Saudi Arabia -- History.; Cartels -- History.
Description: In this, a unique book by a Saudi economist on Saudi Arabia and the world oil crisis, Dr. Johany proposes (using mostly non-technical language) that it is not OPEC as a cartel that is responsible for the rise in oil prices, but a natural demand for a commodity outstripping the available supplies. He believes that both Saudi Arabia and the world in general would be better off without OPEC. This book will be of value to students and teachers of economics and petroleum economists, and of interest to the oil industry, researchers and government agencies in the field of energy resources, and all those concerned with energy or Middle Eastern affairs.
Notes: Bibliography: p. 100-105.
Includes index.