Publication:
The impact of the Arab decision-makers on the oil market.

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Authors
Hull, Lee Blanton
Subjects
Arab oil
Arab decision-makers
OPEC
OAPEC
oil
Saudi Arabia
Iraq
Kuwayt
Libya
Advisors
Amos, J.W. II
Date of Issue
1976-03
Date
March 1976
Publisher
Language
en_US
Abstract
This thesis examines the political arena of the oil industry, and the decision-makers of the Arab oil countries. The two primary areas of study are OPEC and the various political relationships, both inter-Arab and Arab-Western. The oil weapon strategies are analyzed as a form of deterrence. The main hypothesis is that these countries have three options available in which to utilize their oil weapon: embargo; production slow down; and price fixing and raising. The potential of each option is analyzed in detail based on the attitudes, goals, reactions and various oil market roles of the countries involved. The conclusion reached is that, with only those three options available, the oil weapon is becoming less of a credible deterrent. Only total embargo currently remains as a plausible option. Both sides are beginning to realize that an equilibrium state of supply and demand is the only realistic alternative to ensure that all parties derive maximum benefit from an expendable resource.
Type
Thesis
Description
Series/Report No
Department
National Security Affairs (NSA)
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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