This paper discusses the evolution of mutual dependence between oil exporters OPEC and the industrialized nations: Oil crisis, politics, supply and demand and future.
Written in 1995; 2,700 words; 9 sources; $ 95.95
From the Paper:
"Different epochs of human history have been designated by the key material in use at the time. The stone age, the age of bronze, the age of iron all come readily to mind. In the same spirit, our time could be called the age of oil. Petroleum products and petroleum-produced energy are essential to virtually every aspect of our daily life, from workers' commute to the fabrics and cosmetics that adorn the persons in every city of the world. Although the share of the other parts of the world is projected to increase in the near future, the major oil markets in the world remain the industrialized nations of Western Europe, East Asia, and North America.1 However, the major, readily accessible oil reserves are for the most part located in the undeveloped parts of the world.2 The largest oil reserves are in the Middle East.3 This relationship between the undeveloped ... "
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