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Paperback Oil Security: Retrospect and Prospect Book

ISBN: 0815729790

ISBN13: 9780815729792

Oil Security: Retrospect and Prospect

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Oil stands alone among primary commodities in its potential for sending economic shock waves across the world. The value of oil production is one and a half times the world's total production of food grains; demand is unresponsive to price in the short run; and the world's oil resources are heavily concentrated in the Middle East, where political disturbances have been chronic and oil supply is subject to sudden interruption. Together, these factors...

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