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- W29442133 abstract "Discussions with Arnold E. Safer of the Irving Trust Co. and Theodore H. Moran of Johns Hopkins University regarding recent strains in the Organization of Petroleum Exporting Countries (OPEC) structure are reviewed; they are cautious about predicting any advantage from this development for oil importers. Development of non-OPEC oil fields will make it difficult for OPEC nations to maintain their production in spite of higher demand levels. Members of OPEC will continue to need revenues to finance their development programs. Saudi Arabia's refusal to cut back on production is seen by Safer as a portent of eroding OPEC power. Moran feels OPEC will set quotas for production and raise prices, which could backfire by lowering demand. Both agree the U.S. could try to exploit OPEC's weakness by asking for sealed bids and by setting up an oil exchange with the marginal supply setting the market. (DCK)" @default.
- W29442133 created "2016-06-24" @default.
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- W29442133 date "1977-02-15" @default.
- W29442133 modified "2023-09-27" @default.
- W29442133 title "Can OPEC be broken up" @default.
- W29442133 hasPublicationYear "1977" @default.
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