Oil Money World EconomyExamines how the oil crisis came about and how it might evolve in future, then evaluates its serious effect on the world economy in the key areas of real income, inflation, standard of living, B/P capital flows monetary reform, banking finance. |
Contents
INTRODUCTION | 1 |
GEOPOLITICS OF OIL VERSUS | 7 |
Establishment of OPEC | 14 |
Copyright | |
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Abu Dhabi Arcru Banque barrel billion borrow capital changes consortium banks consumption coun crude oil decline deflationary demand deposits developing countries effect elasticity of demand energy equity oil Eurobanks Eurobond Eurocurrency market Eurodollar Eurodollar deposits Eurodollar market exports funds government take importing countries income elasticity increase in oil industrial countries inflation international reserves investment Kuwait Libya loan Middle East millions of U.S. monetary non-oil LDCs non-OPEC countries OECD oil companies oil crisis oil deficits oil industry oil money oil payments oil prices oil-exporting oil-importing countries oil-money flows oil-price hikes oil-price increases oil-producing countries OPEC countries OPEC members OPEC's participation oil percent petroleum policies posted price primary recycling producing countries production Publicly Announced Eurocredits Qatar real income recycling scheme Saudi Arabia Shareholders surplus oil revenues Table Tehran terms of trade trade balance trade deficits transfer problem U.S. dollars United Venezuela World Bank world economy