Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed … regains lost market share. The US economy appears to be as exposed as it was in the early 1970s to losses from monopoly oil …

The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the … to a hypothetical ''more competitive'' world oil market scenario. By measuring past costs we avoid the enormous … uncertainties about the future course of the world oil market and leave to the reader's judgment the issue of how much the future …

. Estimates of the costs to the U.S. economy of the oil market upheavals of the last 30 years are in the vicinity of $7 trillion …

long run and given the ability of the OPEC cartel to use market power to influence oil prices. Although oil prices have … according to the best available estimates. OPEC`s share of the world oil market is likely to grow significantly in the future …,restoring much if not all of their former market power. Other than market share, the key determinants of OPEC`s market power are the …

resource depletion and expansion for twelve world regions is combined with a market equilibrium model of conventional and …

are willing and able to use their market power to influence world oil prices. Although there are vitally important … prices elevated above competitive market levels, and disruption costs caused by sudden and large oil price movements. Several …

Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed … regains lost market share. The U.S. economy appears to be as exposed as it was in the early 1970s to losses from monopoly oil …