Abstract
The Organization of Petroleum Exporting Countries (OPEC) is a part of the hard reality of the present and future energy position of the U. S. It burst upon the world scene in 1973 in response to long years of shabby treatment by the oil companies and oil-importing countries. Through cooperation in the exercise of their sovereignty over oil deposits, OPEC members have extracted increasing revenues through restricting production and raising price. Although serving its own interests, OPEC benefits also the rest of the world, even though its presence portends a shift in the world balance of power.
Recommended Citation
Allen, Loring, "The Political Economy of OPEC" (1977). UMR-MEC Conference on Energy / UMR-DNR Conference on Energy. 329, pp. 603-612.
https://scholarsmine.mst.edu/umr-mec/329
Meeting Name
4th Annual UMR-DNR Conference on Energy (1977: Oct. 11-13, Rolla, MO)
Document Type
Article - Conference proceedings
Session
Political And Social Implications Of Energy II
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 1977 University of Missouri--Rolla, All rights reserved.
Publication Date
13 Oct 1977
Included in
Economics Commons, Energy Policy Commons, Environmental Policy Commons, Petroleum Engineering Commons
