OPEC and the World’s Energy Future: Its Legacy and Promise
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OPEC and the World’s Energy Future offers a complete account of OPEC’s past, present, and possible future in relation to economic, political, and technological changes. It focuses on the impacts of recent international political and economic developments and analyzes the factors affecting OPEC as well as the world oil market. Offers readers a thorough understanding of the interplay among international economics, politics, and technological advances and their effect on the world oil market Describes the continued importance of oil and gas as major sources of energy throughout the world Examines OPEC’s history and merits, highlights differences among OPEC members, and discusses OPEC’s relations with the outside world Illustrates the impact of new technologies and how they may challenge and change the organization in the near and long term Aimed at policy makers, managers, scientists, and technologists in the oil and gas industry, this work offers readers a thorough understanding of the interplay among international economics, politics, and technological advances and their effect on the world oil market. Cover Half Title Title Page Copyright Page Table of Contents Preface Acknowledgments Author Part I Introduction 1.1 Pre-OPEC 1.2 OPEC Evolution Part II OPEC’s Role in World Oil Market 2.1 OPEC Finds Its Way 2.2 Internal Rivalry 2.2.1 Doves versus Hawks 2.2.2 Saudi Arabia versus OPEC 2.3 External Conflicts 2.3.1 OPEC versus the World 2.3.2 OPEC versus Non-OPEC 2.3.3 OPEC versus the US 2.4 Saudi Arabia versus the US Part III Energy Technology and OPEC 3.1 Energy and Technology 3.2 Effects of Technology 3.3 The Economics of Energy Technology 3.4 Energy Technology Mix and Future Energy 3.5 The Economics of Renewable Energy 3.6 Economics of Unconventional Oil and Gas Technologies 3.7 Economics of Energy Demand Technologies 3.8 Economics of Energy Efficient Technologies Part IV Forces Shape Energy’s Future 4.1 Changes and Challenges 4.1.1 Changes 4.1.2 Challenges 4.2 Forces at Work Part V OPEC’S Existence 5.1 Challenges to OPEC 5.2 OPEC’s Strategies 5.3 OPEC’s Future 5.4 Energy’s Future 5.5 OPEC’s Gloomy Future 5.6 A World without OPEC Part VI Side Issues 6.1 Qatar and Natural Gas 6.2 Oil Spill in the Gulf 6.3 Kuwait Oil Fires 6.4 Oil Price Crashes 6.5 OPEC and Iran–Iraq War 6.6 Coronavirus (COVID-19) Part VII Wrap-Up 7.1 What Is the Point of OPEC? 7.2 Energy’s Future Bibliography Index
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