The Rise and Fall of OPEC in the Twentieth Century

The Rise and Fall of OPEC in the Twentieth Century

Author: Giuliano Garavini

Publisher: Oxford University Press, USA

Published: 2019

Total Pages: 445

ISBN-13: 0198832834

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The most comprehensive history of the Organization of the Petroleum Exporting Countries (OPEC) and of its members, this study takes the reader from the formation of the first petrostate in the world, Venezuela, in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s.


Book Synopsis The Rise and Fall of OPEC in the Twentieth Century by : Giuliano Garavini

Download or read book The Rise and Fall of OPEC in the Twentieth Century written by Giuliano Garavini and published by Oxford University Press, USA. This book was released on 2019 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most comprehensive history of the Organization of the Petroleum Exporting Countries (OPEC) and of its members, this study takes the reader from the formation of the first petrostate in the world, Venezuela, in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s.


OPEC in a Shale Oil World

OPEC in a Shale Oil World

Author: Mohamed Ramady

Publisher: Springer

Published: 2015-10-15

Total Pages: 293

ISBN-13: 3319223712

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RAMADy, Mahdi OPec in a sHALE oil world –where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.


Book Synopsis OPEC in a Shale Oil World by : Mohamed Ramady

Download or read book OPEC in a Shale Oil World written by Mohamed Ramady and published by Springer. This book was released on 2015-10-15 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: RAMADy, Mahdi OPec in a sHALE oil world –where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.


Great Transformations

Great Transformations

Author: Mark Blyth

Publisher: Cambridge University Press

Published: 2002-09-16

Total Pages: 300

ISBN-13: 9780521010528

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This book picks up where Karl Polanyi's study of economic and political change left off. Building upon Polanyi's conception of the double movement, Blyth analyzes the two periods of deep seated institutional change that characterized the twentieth century: the 1930s and the 1970s. Blyth views both sets of changes as part of the same dynamic. In the 1930s labor reacted against the exigencies of the market and demanded state action to mitigate the market's effects by 'embedding liberalism.' In the 1970s, those who benefited least from such 'embedding' institutions, namely business, reacted against these constraints and sought to overturn that institutional order. Blyth demonstrates the critical role economic ideas played in making institutional change possible. Great Transformations rethinks the relationship between uncertainty, ideas, and interests, achieving profound new insights on how, and under what conditions, institutional change takes place.


Book Synopsis Great Transformations by : Mark Blyth

Download or read book Great Transformations written by Mark Blyth and published by Cambridge University Press. This book was released on 2002-09-16 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book picks up where Karl Polanyi's study of economic and political change left off. Building upon Polanyi's conception of the double movement, Blyth analyzes the two periods of deep seated institutional change that characterized the twentieth century: the 1930s and the 1970s. Blyth views both sets of changes as part of the same dynamic. In the 1930s labor reacted against the exigencies of the market and demanded state action to mitigate the market's effects by 'embedding liberalism.' In the 1970s, those who benefited least from such 'embedding' institutions, namely business, reacted against these constraints and sought to overturn that institutional order. Blyth demonstrates the critical role economic ideas played in making institutional change possible. Great Transformations rethinks the relationship between uncertainty, ideas, and interests, achieving profound new insights on how, and under what conditions, institutional change takes place.


After Empires

After Empires

Author: Giuliano Garavini

Publisher: OUP Oxford

Published: 2012-10-25

Total Pages: 302

ISBN-13: 0191634085

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After Empires describes how the end of colonial empires and the changes in international politics and economies after decolonization affected the European integration process. Until now, studies on European integration have often focussed on the search for peaceful relations among the European nations, particularly between Germany and France, or examined it as an offspring of the Cold War, moving together with the ups and downs of transatlantic relations. But these two factors alone are not enough to explain the rise of the European Community and its more recent transformation into the European Union. Giuliano Garavini focuses instead on the emergence of the Third World as an international actor, starting from its initial economic cooperation with the creation of the United Nations Conference for Trade and Development (UNCTAD) in 1964 up to the end of unity among the countries of the Global South after the second oil shock in 1979-80. Offering a new - less myopic - way to conceptualise European history more globally, the study is based on a variety of international archives (government archives in Europe, the US, Algeria, Venezuela; international organizations such as the EC, UNCTAD, and the World Bank; political and social organizations such as the Socialist International, labour archives and the papers of oil companies) and traces the reactions and the initiatives of the countries of the European Community, but also of the European political parties and public opinion, to the rise and fall of the Third World on the international stage.


Book Synopsis After Empires by : Giuliano Garavini

Download or read book After Empires written by Giuliano Garavini and published by OUP Oxford. This book was released on 2012-10-25 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: After Empires describes how the end of colonial empires and the changes in international politics and economies after decolonization affected the European integration process. Until now, studies on European integration have often focussed on the search for peaceful relations among the European nations, particularly between Germany and France, or examined it as an offspring of the Cold War, moving together with the ups and downs of transatlantic relations. But these two factors alone are not enough to explain the rise of the European Community and its more recent transformation into the European Union. Giuliano Garavini focuses instead on the emergence of the Third World as an international actor, starting from its initial economic cooperation with the creation of the United Nations Conference for Trade and Development (UNCTAD) in 1964 up to the end of unity among the countries of the Global South after the second oil shock in 1979-80. Offering a new - less myopic - way to conceptualise European history more globally, the study is based on a variety of international archives (government archives in Europe, the US, Algeria, Venezuela; international organizations such as the EC, UNCTAD, and the World Bank; political and social organizations such as the Socialist International, labour archives and the papers of oil companies) and traces the reactions and the initiatives of the countries of the European Community, but also of the European political parties and public opinion, to the rise and fall of the Third World on the international stage.


Queen of the Oil Club

Queen of the Oil Club

Author: Anna Rubino

Publisher: Beacon Press

Published: 2008-06-01

Total Pages: 368

ISBN-13: 9780807072776

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This is the story of a gutsy journalist who challenged power-and succeeded. Wanda Jablonski was an investigative reporter, publisher, and power broker who came to wield exceptional influence on twentieth-century geopolitics by shedding light on the secretive world of oil from the 1950s through the 1980s. Jablonski unveiled many mysteries of the oil club, an elite group of Western executives who once controlled the international petroleum business. Nicknamed the midwife of OPEC, Jablonski undermined Big Oil's dominance by exposing the vulnerabilities of the major oil companies and encouraging the rise of oil nationalism. Her scoops, commentaries, and private networking helped shape the debate that led to the creation of OPEC, the oil shocks of the 1970s, and the largest transfer of wealth in history. Tenacious and glamorous, Wanda-as she was known in the oil world-coaxed her way into exploration sites in Middle Eastern deserts, drilling camps in the Venezuelan jungle, male-only boardrooms in New York and London, and the king's harem in Saudi Arabia. She survived threats, boycotts, and suspicions of espionage as she elicited information and insight from CEOs of the oil giants and political leaders, including the shah of Iran. Working for the Journal of Commerce and other New York publications, Jablonski defied the prevailing view that a woman reporting on business had no credibility. In 1961, divorced and suddenly jobless, she took a big gamble by starting her own newsletter, Petroleum Intelligence Weekly, which was soon dubbed the "bible" of the oil world. Today, when conflict in the Middle East and climate change cause us to reexamine our reliance on oil, Jablonski's prescience-whether about oil dependency, cultural insensitivity, or market manipulation-proves remarkable. Anna Rubino, who reported for Jablonski in the 1980s, uses scores of interviews, exclusive access to her private papers, and newly declassified information to tell the dramatic story of this journalistic pioneer and the power of information.


Book Synopsis Queen of the Oil Club by : Anna Rubino

Download or read book Queen of the Oil Club written by Anna Rubino and published by Beacon Press. This book was released on 2008-06-01 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the story of a gutsy journalist who challenged power-and succeeded. Wanda Jablonski was an investigative reporter, publisher, and power broker who came to wield exceptional influence on twentieth-century geopolitics by shedding light on the secretive world of oil from the 1950s through the 1980s. Jablonski unveiled many mysteries of the oil club, an elite group of Western executives who once controlled the international petroleum business. Nicknamed the midwife of OPEC, Jablonski undermined Big Oil's dominance by exposing the vulnerabilities of the major oil companies and encouraging the rise of oil nationalism. Her scoops, commentaries, and private networking helped shape the debate that led to the creation of OPEC, the oil shocks of the 1970s, and the largest transfer of wealth in history. Tenacious and glamorous, Wanda-as she was known in the oil world-coaxed her way into exploration sites in Middle Eastern deserts, drilling camps in the Venezuelan jungle, male-only boardrooms in New York and London, and the king's harem in Saudi Arabia. She survived threats, boycotts, and suspicions of espionage as she elicited information and insight from CEOs of the oil giants and political leaders, including the shah of Iran. Working for the Journal of Commerce and other New York publications, Jablonski defied the prevailing view that a woman reporting on business had no credibility. In 1961, divorced and suddenly jobless, she took a big gamble by starting her own newsletter, Petroleum Intelligence Weekly, which was soon dubbed the "bible" of the oil world. Today, when conflict in the Middle East and climate change cause us to reexamine our reliance on oil, Jablonski's prescience-whether about oil dependency, cultural insensitivity, or market manipulation-proves remarkable. Anna Rubino, who reported for Jablonski in the 1980s, uses scores of interviews, exclusive access to her private papers, and newly declassified information to tell the dramatic story of this journalistic pioneer and the power of information.


Oil Shock

Oil Shock

Author: Elisabetta Bini

Publisher: Bloomsbury Publishing

Published: 2016-05-27

Total Pages: 281

ISBN-13: 0857727559

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The 1973 'Oil Shock' is considered a turning point in the history of the twentieth century. At the time it seemed to mark a definitive shift from the era of low priced oil to the era of expensive oil. For most Western industrialized countries, it became the symbolic marker of the end of an era. For many oil producers, it translated into an unprecedented control over their energy resources, and completed the process of decolonization, leading to a profound redefinition of international relations.This book provides an analysis of the crisis and its global political and economic impact. It features contributions from a range of perspectives and approaches, including political, economic, environmental, international and social history. The authors examine the origins of what was defined as an 'oil revolution' by the oil-producing countries, as well as the far-reaching effects of the 'shock' on the Cold War and decolonization, on international energy markets and the global economy. In doing so, they help place the event in its historical context as a key moment in the transformation of the international economy and of North-South relations.


Book Synopsis Oil Shock by : Elisabetta Bini

Download or read book Oil Shock written by Elisabetta Bini and published by Bloomsbury Publishing. This book was released on 2016-05-27 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1973 'Oil Shock' is considered a turning point in the history of the twentieth century. At the time it seemed to mark a definitive shift from the era of low priced oil to the era of expensive oil. For most Western industrialized countries, it became the symbolic marker of the end of an era. For many oil producers, it translated into an unprecedented control over their energy resources, and completed the process of decolonization, leading to a profound redefinition of international relations.This book provides an analysis of the crisis and its global political and economic impact. It features contributions from a range of perspectives and approaches, including political, economic, environmental, international and social history. The authors examine the origins of what was defined as an 'oil revolution' by the oil-producing countries, as well as the far-reaching effects of the 'shock' on the Cold War and decolonization, on international energy markets and the global economy. In doing so, they help place the event in its historical context as a key moment in the transformation of the international economy and of North-South relations.


Empires and Anarchies

Empires and Anarchies

Author: Michael Quentin Morton

Publisher: Reaktion Books

Published: 2017-09-15

Total Pages: 256

ISBN-13: 1780238614

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Oil lies at the heart of the modern history of the Middle East. For decades, the world’s largest oil reserves have enriched the region’s nations. But oil wealth has not brought with it universal prosperity. It has, though, transformed the Middle Eastern people and societies—enriching empires and engendering anarchies. Empires and Anarchies is an unconventional history of oil in the Middle East. In Michael Quentin Morton’s account the burnt-out remains of Saddam Hussein’s armaments and the human tragedy of the Arab Spring are as much of the story as the shimmering skylines of oil-rich nations. From the first explorers trudging through the desert to the excesses of the Peacock Throne and the high stakes of OPEC, Morton lays out the history of oil in compelling detail, arguing that oil simultaneously enriched and fractured the Middle East, eroding traditional ways of life, and eventually contributing to the rise of Islamic radicalism. The book is essential reading for anyone interested in the promises and peril of the world’s oil boom.


Book Synopsis Empires and Anarchies by : Michael Quentin Morton

Download or read book Empires and Anarchies written by Michael Quentin Morton and published by Reaktion Books. This book was released on 2017-09-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil lies at the heart of the modern history of the Middle East. For decades, the world’s largest oil reserves have enriched the region’s nations. But oil wealth has not brought with it universal prosperity. It has, though, transformed the Middle Eastern people and societies—enriching empires and engendering anarchies. Empires and Anarchies is an unconventional history of oil in the Middle East. In Michael Quentin Morton’s account the burnt-out remains of Saddam Hussein’s armaments and the human tragedy of the Arab Spring are as much of the story as the shimmering skylines of oil-rich nations. From the first explorers trudging through the desert to the excesses of the Peacock Throne and the high stakes of OPEC, Morton lays out the history of oil in compelling detail, arguing that oil simultaneously enriched and fractured the Middle East, eroding traditional ways of life, and eventually contributing to the rise of Islamic radicalism. The book is essential reading for anyone interested in the promises and peril of the world’s oil boom.


Carbon Democracy

Carbon Democracy

Author: Timothy Mitchell

Publisher: Verso Books

Published: 2013-06-25

Total Pages: 289

ISBN-13: 1781681163

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“A brilliant, revisionist argument that places oil companies at the heart of 20th century history—and of the political and environmental crises we now face.” —Guardian Oil is a curse, it is often said, that condemns the countries producing it to an existence defined by war, corruption and enormous inequality. Carbon Democracy tells a more complex story, arguing that no nation escapes the political consequences of our collective dependence on oil. It shapes the body politic both in regions such as the Middle East, which rely upon revenues from oil production, and in the places that have the greatest demand for energy. Timothy Mitchell begins with the history of coal power to tell a radical new story about the rise of democracy. Coal was a source of energy so open to disruption that oligarchies in the West became vulnerable for the first time to mass demands for democracy. In the mid-twentieth century, however, the development of cheap and abundant energy from oil, most notably from the Middle East, offered a means to reduce this vulnerability to democratic pressures. The abundance of oil made it possible for the first time in history to reorganize political life around the management of something now called “the economy” and the promise of its infinite growth. The politics of the West became dependent on an undemocratic Middle East. In the twenty-first century, the oil-based forms of modern democratic politics have become unsustainable. Foreign intervention and military rule are faltering in the Middle East, while governments everywhere appear incapable of addressing the crises that threaten to end the age of carbon democracy—the disappearance of cheap energy and the carbon-fuelled collapse of the ecological order. In making the production of energy the central force shaping the democratic age, Carbon Democracy rethinks the history of energy, the politics of nature, the theory of democracy, and the place of the Middle East in our common world.


Book Synopsis Carbon Democracy by : Timothy Mitchell

Download or read book Carbon Democracy written by Timothy Mitchell and published by Verso Books. This book was released on 2013-06-25 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A brilliant, revisionist argument that places oil companies at the heart of 20th century history—and of the political and environmental crises we now face.” —Guardian Oil is a curse, it is often said, that condemns the countries producing it to an existence defined by war, corruption and enormous inequality. Carbon Democracy tells a more complex story, arguing that no nation escapes the political consequences of our collective dependence on oil. It shapes the body politic both in regions such as the Middle East, which rely upon revenues from oil production, and in the places that have the greatest demand for energy. Timothy Mitchell begins with the history of coal power to tell a radical new story about the rise of democracy. Coal was a source of energy so open to disruption that oligarchies in the West became vulnerable for the first time to mass demands for democracy. In the mid-twentieth century, however, the development of cheap and abundant energy from oil, most notably from the Middle East, offered a means to reduce this vulnerability to democratic pressures. The abundance of oil made it possible for the first time in history to reorganize political life around the management of something now called “the economy” and the promise of its infinite growth. The politics of the West became dependent on an undemocratic Middle East. In the twenty-first century, the oil-based forms of modern democratic politics have become unsustainable. Foreign intervention and military rule are faltering in the Middle East, while governments everywhere appear incapable of addressing the crises that threaten to end the age of carbon democracy—the disappearance of cheap energy and the carbon-fuelled collapse of the ecological order. In making the production of energy the central force shaping the democratic age, Carbon Democracy rethinks the history of energy, the politics of nature, the theory of democracy, and the place of the Middle East in our common world.


The Rise and Decline of Nations

The Rise and Decline of Nations

Author: Mancur Olson

Publisher: Yale University Press

Published: 2022-01-01

Total Pages: 296

ISBN-13: 0300254067

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"A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.


Book Synopsis The Rise and Decline of Nations by : Mancur Olson

Download or read book The Rise and Decline of Nations written by Mancur Olson and published by Yale University Press. This book was released on 2022-01-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.


The Rise and Fall of OPEC in the Twentieth Century

The Rise and Fall of OPEC in the Twentieth Century

Author: Giuliano Garavini

Publisher: Oxford University Press

Published: 2019-07-25

Total Pages: 445

ISBN-13: 0192569236

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The Organization of the Petroleum Exporting Countries (OPEC) is one of the most recognizable acronyms among international organizations. It is mainly associated with the 'oil shock' of 1973 when prices of petroleum quadrupled and industrialized countries and consumers were forced to face the limits of their development model. This is the first history of OPEC and of its members written by a professional historian. It carries the reader from the formation of the first petrostate in the world, Venezuela in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s. Formed in 1960, OPEC was the first international organization of the Global South. It was perceived as acting as the economic 'spearhead' of the Global South and acquired a role that went far beyond the realm of oil politics. Petrostates such as Venezuela, Nigeria, Algeria, Saudi Arabia, Iraq, and Iran were (and continue to be) key regional actors, and their enduring cooperation, defying wide political and cultural differences and even wars, speaks to the centrality of natural resources in the history of the twentieth century, and to the underlying conflict between producers and consumers of these natural resources.


Book Synopsis The Rise and Fall of OPEC in the Twentieth Century by : Giuliano Garavini

Download or read book The Rise and Fall of OPEC in the Twentieth Century written by Giuliano Garavini and published by Oxford University Press. This book was released on 2019-07-25 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Organization of the Petroleum Exporting Countries (OPEC) is one of the most recognizable acronyms among international organizations. It is mainly associated with the 'oil shock' of 1973 when prices of petroleum quadrupled and industrialized countries and consumers were forced to face the limits of their development model. This is the first history of OPEC and of its members written by a professional historian. It carries the reader from the formation of the first petrostate in the world, Venezuela in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s. Formed in 1960, OPEC was the first international organization of the Global South. It was perceived as acting as the economic 'spearhead' of the Global South and acquired a role that went far beyond the realm of oil politics. Petrostates such as Venezuela, Nigeria, Algeria, Saudi Arabia, Iraq, and Iran were (and continue to be) key regional actors, and their enduring cooperation, defying wide political and cultural differences and even wars, speaks to the centrality of natural resources in the history of the twentieth century, and to the underlying conflict between producers and consumers of these natural resources.