M. A. Adelman had written in 1970 that the genie is out of the bottle, that a group of oil producing countries would control the oil trade to raise prices. Now, 25 years later, he has written the fascinating history of the greatest monopoly ever known. The underlying economic analysis is contained in the companion volume The Economics of Petroleum Supply.
Read More
M. A. Adelman had written in 1970 that the genie is out of the bottle, that a group of oil producing countries would control the oil trade to raise prices. Now, 25 years later, he has written the fascinating history of the greatest monopoly ever known. The underlying economic analysis is contained in the companion volume The Economics of Petroleum Supply.
Read Less