The Oil Market in the 1980's: A Decade of Decline

The Oil Market in the 1980's: A Decade of Decline

The Oil Market in the 1980's: A Decade of Decline

The Oil Market in the 1980's: A Decade of Decline

Synopsis

This contributed volume examines the far-reaching effects of the weakening of OPEC's cohesion and influence in the 1980s, the decline of resulting oil price and the accompanying economic reversals. These events resulted in both fortune and misfortune for oil users and producers and dramatically changed energy economics worldwide. Moreover, as revealed in this volume, the decade of the 1980s demonstrated that oil producers and oil importers can prosper in an atmosphere of mutual respect, cooperation, and moderation.
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