Oil shock : the 1973 crisis and its economic legacy / edited by Elisabetta Bini, Giuliano Garavini and Federico Romero
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Cover -- Half-title -- Endorsement -- Title page -- Copyright information -- Table of contents -- List of Illustrations -- List of contributors -- Part 1 Origins -- 1 The Shocking History of Oil -- Natural Resources and Economics -- Royalties -- Public Mineral Ownership -- American Oil -- International Oil: The American Reference -- The Organization of the Petroleum Exporting Countries -- The Pivotal Year: 1973 -- History of International Oil: The British Reference -- The Role of National Oil Companies -- From Permanent to Arbitrated Sovereignty -- Conclusions -- Epilogue: Controlling Production -- Notes -- 2 'First Class Brouhaha': Henry Kissinger and Oil Power in the 1970s -- Saudi Arabia and the Oil Weapon -- Yamani and OPEC's 'Natural Right' -- Changing Circumstances -- Conclusion -- Notes -- 3 Iraq and the Oil Cold War: A Superpower Struggle and the End of the Iraq Petroleum Company, 1958-72 -- Middle Eastern Oil: A Backyard for the Americans and the Soviet Union -- IPC-Iraq Confrontation -- The Challenge of the North Rumaïla Oil Deposit and the French and Soviet Interventions -- Oil Cooperation with the USSR: Financial Autonomy and Technology Transfer -- The Soviet oil cooperation with Iraq: The memorandum of understanding of 24 December 1967 -- A technological and financial partnership as an alternative to IPC: The agreements of June and July 1969 -- Notes -- 4 Eight Squeezed Sisters: The Oil Majors and the Coming of the 1973 Oil Crisis -- A Crisis of Profitability -- Revolution in Libya -- Oil Battle in Tehran -- Conclusion -- Notes -- Part 2 Consequences -- 5 Shifting Sands: The 1973 Oil Shock and the Expansion of Non-OPEC Supply -- The End of Business as Usual -- Oil from the North -- The Gulf of Mexico -- Offshore Brazil -- Innovation in Oil -- Conclusion -- Notes.
6 The OECD Oil Committee and the International Search for Reinforced Energy-Consumer Cooperation, 1972-3 -- American Appeals for Concerted Action in Energy -- The OECD Oil Committee and its High-Level Group -- European Discussions -- A Reinforced Cooperation? The OECD Oil Committee and the HLG during the Oil Shock -- The risks of exploding prices by overbidding -- Expansion of the apportionment system for oil supplies -- Relations of the OECD Oil Committee with the oil companies -- Conclusion -- Notes -- 7 Learning to 'Recycle': Petrodollars and the West, 1973-5 -- Auto-Recycling: The Market Optimism of George Shultz -- Ending Capital Controls: Helmut Schmidt's Outward Turn -- Channelling the Petrodollars: Five Approaches -- 1. Witteveen's oil facility -- 2. Europe's community loan programme -- 3. A solidarity fund for the OECD -- 4. Trade and investment: A partial solution -- 5. The limits of 'south-south' recycling -- Conclusion -- Notes -- 8 Energy Hinge? Oil Shock and Greening American Consumer Culture since the 1970s -- Post-1970s energy transition and green consumption -- Conservation by Another Name: Consumption -- Greening Ideas of Electric Power -- Greening the American Ride -- Conclusion: 'Sharing Economy' as Green Capitalism -- Notes -- 9 Energy and Soviet Economic Integration: Foundations of a Future Petrostate -- Bartering around Bretton Woods -- Oil and the European Integration of Soviet Energy -- Epilogue: 1973 -- Notes -- 10 Nuclear Energy and the Rise of Environmentalism in the United States -- The Rise of the Anti-Nuclear Movement -- The Modern Environmental Movement -- Nuclear Power in the Early 1970s -- The 'Energy Crisis': A Nuclear Opportunity? -- In Opposition and in Defence of Nuclear Power in the Mid-1970s -- Conclusion -- Notes -- Further Reading -- Index.
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