Global oil: some key issues and challenges

Zuhayr Mikdashi

Natural Resources Forum, 1989, vol. 13, issue 3, 233-237

Abstract: Energy ‐ and in particular petroleum ‐ is an eminently transnational commodity, with abundant supplies in excess of domestic needs available in a few countries, while large actual or potential requirements are present in other countries. This paper examines the forces which have influenced the behaviour and strategies of protagonists ‐ given their interests and objectives. It endeavours to distinguish the fundamental factors from those of a transient or reversible nature. Though recognizing that keen competition and acute rivalry have existed and will continue to exist in the oil‐cum‐energy market, the paper concludes that a measure of dialogue and understanding ‐ possibly verging on some cooperation in certain areas ‐ could well avoid crises and promote global welfare in the interest of consumers, producers and business intermediaries.

Date: 1989
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https://doi.org/10.1111/j.1477-8947.1989.tb00339.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:natres:v:13:y:1989:i:3:p:233-237

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