POLITICS, ECONOMICS, AND WORLD OIL

This article points out that petroleum production costs outside North America have been declining, not rising, and that scarcity is the pressure of demand on supply. The article indicates our government has surrendered to the Arab oil threats, and that the threats can be broken. It recommends the sound policy outside the U.S. is do nothing and say nothing, while inside the U.S. reducing dependence on Arab oil will weaken the Arab hand.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00028282
• Supplemental Notes:
  • Presented at the 86th Annual Meeting of the American Economic Association, New York, N.Y., December 28-30, 1973.
• Corporate Authors:

  American Economic Association

  Suite 809, Oxford House, 1313 21st Avenue South
  Nashville, TN  United States  37212
• Authors:
  • Adelman, M A
• Publication Date: 1974-5

Media Info

• Features: References;
• Pagination: p. 58-67
• Serial:
  • American Economic Review
  • Volume: 64
  • Issue Number: 2
  • Publisher: American Economic Association
  • ISSN: 0002-8282

Subject/Index Terms

• TRT Terms: Economics; Energy resources; Policy
• Uncontrolled Terms: Energy crisis
• Old TRIS Terms: Government policies
• Subject Areas: Economics; Energy; Policy; Railroads;

Filing Info

• Accession Number: 00054731
• Record Type: Publication
• Files: TRIS
• Created Date: Jun 24 1974 12:00AM