A new world order for oil

The Gulf War and its outcome have changed the geopolitical map of the Middle East. The author examines the impact of these changes on the form of the oil cartel. He argues that the Organization of the Petroleum Exporting Countries (OPEC) has turned into a Gulf Organization of the Petroleum Exporting...

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Bibliographic Details
Published in:Middle East policy
Main Author: Akacem, Mohammed (Author)
Format: Print Article
Language:English
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Published: Blackwell 1992
In: Middle East policy
Further subjects:B Gulf states
B OPEC
B Post-war period
B Effects
B Iraq
B Petroleum politics
Description
Summary:The Gulf War and its outcome have changed the geopolitical map of the Middle East. The author examines the impact of these changes on the form of the oil cartel. He argues that the Organization of the Petroleum Exporting Countries (OPEC) has turned into a Gulf Organization of the Petroleum Exporting Countries. According to the author it is the Gulf states which have come out of the Gulf War strengthened - strictly speaking it is the Gulf states' rulers. As long as they remain in power, he concludes, it is more likely that the economies of the West remain free of oil crises but less likely that democratization takes place. (DÜI-Mjr)
ISSN:1061-1924
Contains:In: Middle East policy