Publisher description for Crude power : politics and the oil market / ˘ystein Noreng.

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Almost 30 years after the first oil price shock if 1973-4, oil remains of crucial importance to consumers and producers alike. A major analysis of the world's dependency on Middle Eastern oil, this work examines the economic and political reasons behind the fluctuation in the world oil prices and the shifting balance of power between the major oil exporters of the region.

Library of Congress subject headings for this publication: Petroleum industry and trade, Petroleum industry and trade Middle East, Petroleum industry and trade Political aspects