Die Förderung sibirischen Erdgases und der Pipelinebau nach Europa waren das letzte industrielle Mammutprojekt der Sowjetunion – und zugleich eines ihrer erfolgreichsten Wirtschaftsprojekte. Der langfristige Erfolg zeigt sich bis heute im Export von Erdgas aus der Russischen Föderation. Auf...

1. Introduction : the world's oil industry -- 2. The U.S.A. and world oil -- 3. Soviet oil development -- 4. The major oil-exporting countries -- 5. Oil policies in Western Europe -- 6. Japan : growth and dependence on oil imports -- 7. Dependence on oil in the developing world -- 8. Oil in...

OPEC's domestic oil consumption has increased seven-fold in 40 years, to 8.5 million barrels per day (mbd). They consume almost as much oil as China, and this constitutes one-fourth of their production. Such rapid growth in consumption – 5.1% annually, faster than their income growth of 3.1%...

Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a precautionary saving and investment model under uncertainty. Consistent with data...

This paper, delivered at a 1976 conference on Transnational Economic Boycotts and Coercion at the University of Texas, discusses issues of the legality and propriety of measures of international economic coercion in the context of the 1973 Arab Oil Boycott.The paper suggests that: (1) there is...