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Title Middle East oil money and its future expenditure
Creator/Author Fallon, N.
Publication Date1975 Jan 01
OSTI IdentifierOSTI ID: 7249323
Resource TypeBook
Subject294002 -- Energy Planning & Policy-- Petroleum ;290200 -- Energy Planning & Policy-- Economics & Sociology; ;MIDDLE EAST-- PETROLEUM;OPEC-- ECONOMIC POLICY;OPEC-- PETROLEUM;PETROLEUM-- ECONOMICS; CAPITAL;ENERGY POLICY;FORECASTING;INVESTMENT;OCCUPATIONS
Related SubjectENERGY SOURCES;FOSSIL FUELS;FUELS;GOVERNMENT POLICIES;INTERNATIONAL ORGANIZATIONS
Description/Abstract A description of the economics of the oil-producing countries requires attention to history, and their possible future developments need to be placed against a worldwide background.^The first part of this book examines fundamentals of the oil situation before going on to forecasts of the revenues and wealth of the producing countries, with emphasis on the interdependence of producers and consumers.^The banks and other financial institutions that are in a position to assist the plans of the Middle East governments and individuals are described, followed by general problems of development.^More detail is then given for each country; information available up to the middle of 1975 has generally been used here, as in other sections.^A chapter on aid and a general summary conclude the book.^The countries covered are not precisely those described by either Arab or Gulf states, and so Middle East has been used to mean the region which includes all the states around the Gulf and extends westward to Libya but excludes Algeria.^This is not a mere matter of prejudice, although Algeria astride the Greenwich meridian is as much Middle West as Middle East, nor is it because the countries of the Maghrib have long historical connections with southern Europe much closer than those further east.^It is because Libya is expected to resemble the Arab countries of the Gulf in having a surplus of oil revenues over its own requirements, while Algeria together with the non-Arab OPEC countries will undoubtedly have full employment for all its revenues.^A further consideration is that the Arab countries between Libya and the Gulf are likely to be the main beneficiaries of the aid which the surplus states will be able to grant.^(MCW)
PublisherCrane, Russak and Company, Inc.,New York
Country of PublicationUnited States
LanguageEnglish
FormatPages: 230
Availability$25.00
System Entry Date2001 May 13

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