OPEC's Dominance of the Global Oil Market: The Rise of the World's Dependency on Oil
[Article]
Euclid A. Rose
This article examines the rise of the world's dependency on oil and the Organization of Petroleum Exporting Countries' (OPEC) dominance of the global oil market during the 1970s, OPEC's fall in the 1980s, and its resurgence in the 1990s. It contends that