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. In 1995 he has written the history of the greatest monopoly ever known. The underlying economic analysis is contained in the companion volume The Economics of Petroluem Supply.
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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. In 1995 he has written the history of the greatest monopoly ever known. The underlying economic analysis is contained in the companion volume The Economics of Petroluem Supply.
Read Less
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