The Politics of International Oil
- Gov 365P/MES 322K: Class 10
NYT and other news or
articles plus old ones from 3 yrs
ago:
-
The rise and fall of OPEC
- rewiew video: Enrico Mattei and
Gamal Abdul Nasser - what was the 50-50
principle? Why do some people think Mattei's plane crash of Oct
1962 was not an accident?
- class video: Libya and the rise
of OPEC (from Yergin, The Prize)
- class video: The October War and
the First Oil Shock (from Yergin,
The Prize)
- posted prices - tax floors - posted by OPEC
1973-86
- the softening
of prices and "netbacks" in 1985
- 1982 failure of OPEC to enforce production
ceilings (cf. TX RR Commission "prorationing")
- Saudi umbrella until 1986
- conflicting motivations within OPEC: price
hawks and doves
- supermajority decision weighted toward the
most risk averse long term players like Saudi Arabia?
- 4 votes each for SA, Kuwait and UAE, 1 for
Iran and Venezuela?
- cf 1954 Iranian consortium: SA 10 votes,
Kuw and UAE 5 each, the rest 1 with 30% controlling production?
- Iraq and Iran turn over half their output
at cost to SA and Kuwait for marketing?
- "de-integration" of the industry (Robert Mabro
reading)
- US hegemony: Oil and
Power: the Saudi-American oil regime
(1985- )
- Brzezinski's warning: spreading apprhension of
a unilateralist America
- dilemmas of alliance management: the EU and
USA: Kyoto, International Criminal Court, Iraq, Israel - a new EU
relationship with the Middle East, Latin America? Or US and EU to
work together?
- Russia and the EU - common interests and
rivalries -- your OGJ scenarios
- China and the
Far and
Middle East - and (see recommended
article) Venezuela (OPEC export
stats - can you update this table?)
- War on Terror - Saudi blowup?
-
Main
page
Oct. 5, 2009
- Department
of Government, University of
Texas at Austin.
- Questions, Comments, and Suggestions to
chenry@mail.utexas.edu
