OPEC the failing giant / Mohammed E. Ahrari.

Includes bibliographies and index.

Cover; Half-title; Title; Copyright; Dedication; Contents; List of Tables and Figures; Abbreviations Used; Acknowledgments; 1. Introduction; The Analytic Approach; Bargaining in Oil Affairs; The Oil Companies and the Host Countries; The Oil Companies and the Oil States; Plan of the Book; 2. The Uncertainties of the Buyers' Market; The Genesis of OPEC; The Institutional and Behavioral Setting; The Initial Challenge; 3. The Making of the Sellers' Market; The Price Negotiations; 4. The World on a Roller Coaster; The Price Negotiations; The Whirlwinds of the Sellers' Market.

The Participation Agreements5. The Oil Embargo; Background; Imposing the Embargo; 6. Toward an Uncertain Future; The Two-Tier Pricing Agreement; The Calm before the Iranian Turmoil; The Iranian Oil Shortfall; A Continued Drift; OPEC's Widening Window of Vulnerability; Intra-OPEC Tensions; 7. Epilogue; Appendix: Statistical Tables; Glossary; Chronology of Oil-Related Events, 1960-1985; Notes; Index.

A glut of oil, dropping prices, the threat of insolvency, a divided membership --

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