Abstract
Is the energy crisis a thing of the past? There are those who boldly assert that the spectacular about-face of the oil market since the summer of 1980 is a historic change. Thereis no doubt that the situation, characterized by the freeze on the nominal value of official prices (equivalent to a fall in real prices) decided by the Organization of Oil-Exporting Countries (OPEC) for 1982, and by the drop in nominal prices which has gathered momentum on the spot market at the beginning of 1982, is very different from the prevalent state of panic immediately following the Iranian revolution.
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Notes
Theirry de Montbrial, Energy: the Countdown, a report to the Club of Rome (Oxford, England: Pergamon Press, Ltd., 1979)
Joseph S. Nye, “Energy and Security,” in David A. Deese and Joseph S. Nye, eds., Energy and Security (Cambridge, Mass.: Ballinger Publishing Company, 1981)
Henry S. Rowen and John P. Weyant, “An Integrated Program for Surviving in an Oil Crisis,” paper submitted to the Conference on Asia and Pacific Security, Tokyo, Japan, January 1981.
Christian Stoffaes, “La logique profonde du marche petrolier mondial,” chronique de la Sedeis, nos. 16 and 17, (1981)
See in particular Edward N. Krapels, Oil Crisis Management-Strategic Stockpiling for International Security (Baltimore, Md.: Johns Hopkins University Press, 1980). 30. World Oil Inventories, Exxon Background Series, August 1981
Philip K. Verleger, Oil Markets in Turmoil: An Economic Analysis (Cambridge, Mass.: Ballinger Publishing Company, 1982)
Edward N. Krapels, “Pricing Petroleum Products: Strategies of Industrial Nations,” Platt’s Oilgramm News Supplement (July 20, 1981)
William Hogan, “Oil Stockpiling: Help Thy Neighbor,” Energy and Environmental Policy Center, John F. Kennedy School of Government, Harvard University, March 1982
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© 1982 Institut Français des Relations Internationales
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Bressand, A. (1982). In search of energy security. In: The State of the World Economy. Palgrave, London. https://doi.org/10.1007/978-1-349-06692-6_2
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DOI: https://doi.org/10.1007/978-1-349-06692-6_2
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