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Abstract

The conflicting interests among producers and consumers of the oil industry grew up at the maximum level during the 70's when OPEC took over the market by cutting down the oil output. OPEC's objectives were successfully achieved until early 80's, but since 1982 the market control returned gradually to the main oil consumers, due to a wise policy that encompassed: improvement of energy conservation, an increase of the oil output from non-OPEC producers, an effective oil stocks control and harder taxes upon oil consumption and tighter monetary politics.

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/content/papers/10.3997/2214-4609-pdb.324.1551
1993-11-07
2021-12-05
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http://instance.metastore.ingenta.com/content/papers/10.3997/2214-4609-pdb.324.1551
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