control oil prices? What is the relationship between the two organizations (OPEC and WTO)? And what would be the result of a … necessary for economic growth, and OPEC’s monopoly and control over oil prices undermines the stability and transparency of the … diminished use of fossil fuels, such as coal and oil. As far as petroleum is concerned, the relevant market is completely …

Oil resources are neither a curse nor a blessing. The sound management of these resources can make them beneficial or … otherwise. In order to translate Ghana's oil resources into inclusive development amid high expectations, several laws and …

Purpose: The purpose of this study is to determine the resilience of oil intensive Romanian communities to oil price … oil extraction activities using GIS (Geographic Information System) software. We then apply a random effects panel … regression model to check the significance of the oil price as a predictor of employment. Finding: Results indicate that the …

This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil … exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil … products made from domestically produced crude oil have caused Arab oil exports to the rest of the world to decline. Third, the …

implications for the global oil market. Depending on market conditions, OPEC may find it optimal to act either as a monopolist on …In a simplified theoretical framework we model the strategic interactions between OPEC and non-OPEC producers and the … the residual demand curve, to move supply in-tandem with non-OPEC, or to offset changes in non-OPEC supply. We evaluate …

OPEC's stated mission is to promote the economic development and growth of its member states while minimizing … volatility in the oil markets. But after a promising beginning many member states - economies have declined rather than prospered … - a clear indication of OPEC's failure to meet their development goals. Thus, we ask if a resource cartel can achieve the …

producers, a profit-maximizing, monolithic OPEC, and an International Energy Agency that punishes OPEC by releasing oil from …I maximize present valued world GDP over the stockpile of petroleum used to contain price shocks administered by OPEC …. Long run price elasticity of demand and non-OPEC supply exceed those in the short run, so OPEC profits from sudden, as …

This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in … most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in …