Oil Resource Wealth of the Middle East

Resource exhaustion has had little, if any, impact on oil costs and prices. Oil production costs have exhibited a falling long run trend, and the cost to produce oil in the Middle East is much lower than elsewhere. Having defended very high prices in the early 19805, the Middle East producers experi...

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Bibliographic Details

Published in:	Energy Studies Review
Main Author:	M. A. Adelman
Format:	Article
Language:	English
Published:	McMaster University Library Press 1992
Subjects:	Natural Resources and Economic Development Global Energy and Sustainability Research Market Dynamics and Volatility Middle East oil oil production costs oil prices oil market share oil price regulation resource depletion oil-exporting countries
Online Access:	https://energystudiesreview.ca/esr/article/download/253/570 https://doi.org/10.15173/esr.v4i1.253
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