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:
  • 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:

Subject/Index Terms

Filing Info

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