Overview

In 20th century society, oil has played a fundamental role not only from the economic point of view, but also from the point of view of the political relationships established between major Western countries and oil-producing countries. A survey into oil history, its market dynamics and price evolution, is essential for a deeper understanding of modern industry and world economy, as world development depends on oil supplies, prices, and its political accessibility. Oil Economics and Policy follows the historical development of the oil industry, and inevitably also covers many aspects of energy resource economy. In so doing, it pays particular attention to one aspect, namely, the fixing of oil prices. This is mainly in order to attempt to understand whether, and by how much, the structural transformations that the oil industry has undergone during the various phases of its existence - and the various market structures deriving from them - have influenced the dynamics of oil prices. Alberto Clo is Professor of Industrial Economics at the University of Bologna. Minister of Industry and Trade during Lamberto Dini's government (January 1995-May 1996), he has been a member both of national and international scientific boards and of ministerial committees. He is author of numerous writings on industrial and energy economies and editor-in-chief of the journal Energia.

Full Product Details

Author:   Alberto Clo
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   1st ed. Softcover of orig. ed. 2000
Dimensions:   Width: 15.50cm , Height: 1.40cm , Length: 23.50cm
Weight:   0.454kg
ISBN:  

9781441949912

ISBN 10:   1441949917
Pages:   258
Publication Date:   03 December 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

1 Basic Conditions for Petroleum Economics.- 2 Key Players and Structure.- 3 Policies and Tactics of Oligopolistic Co-Ordination.- 4 Inertial Stability and Evolutionary Processes.- 5 Energy Crises: Perception and Reality.- 6 The Effects of the Crises and the Processes of Adaptation.- 7 The Oil Market Caught between Economics and Politics: The Persian Gulf Crisis.- 8 Oil Resources: Facts and Conjectures.- 9 From Monopolistic Stability to Competitive Instability.- Tables of Statistics.- Tab. 1 — World crude oil prices, 1859–1998.- Tab. 2 — Estimate of ultimate recoverable reserves of conventional oil in the world.- Tab. 3 — Estimated world proven crude oil reserves, 1936–1998 (bill. bbl).- Tab. 4 — Estimated world proven crude oil reserves, 1936–1998 (%).- Tab. 5 — World crude oil production by area, 1860–1998.- Tab. 6 — World crude oil production by area, 1860–1998 (%).- Tab. 7 — OPEC crude oil production by Member Country (mill. bbl/d).- Tab. 8 — Surplus of oil producing capacity in the OPEC and non-OPEC Countries, 1960–1998 (mill. bbl/d).- Tab. 9 — World oil consumption (mill. bbl/d).- Tab. 10 — World oil consumption (%).- Tab. 11 — World refinery capacity, 1965–1998 (mill. bbl/d).- Tab. 12 — Oil consumption, production and imports in OECD area, 1965–1998 (mill. bbl/d).- Tab. 13 — Oil consumption by product group in OECD area, 1965–1998.- Tab. 14 — Spot oil product prices in Italy (doll./tonn.).- Tab. 15 — OPEC oil revenues, 1960–1998 (mill. doll.).- References.

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