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

(Hardback)

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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, co-operation and moderation. The work examines a variety of topics such as the experiences of OPEC and non-OPEC oil suppliers in the 1980s adjustment and response of oil importers to changes in the oil market, the impact of oil price changes on both the developed and developing world, and possible future developments in the global oil market. This volume should be of interest to scholars of energy and international economics, as well as professionals in the area of energy development and markets.

Author Bio

SIAMACK SHOJAI is Associate Professor of Economics and Chair, Department of Economics and Finance, Manhattan College. His published work has appeared in The Journal of Energy and Economics, and the Journal of Economic Development, among others. BERNARD S. KATZ is Associate Professor of Economics and Business at Lafayette College in Pennsylvania.