(Source: OUP)
Oxford University Press is publishing a book on
the history of the OPEC.
ABOUT THE BOOK
The Organization
of the Petroleum Exporting Countries (OPEC) is one of the most recognizable
acronyms among international organizations. It is mainly associated with the
'oil shock' of 1973 when prices of petroleum quadrupled and industrialized
countries and consumers were forced to face the limits of their development
model.
This is the first history of OPEC and of its members written by a professional historian. It carries the reader from the formation of the first petrostate in the world, Venezuela in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s.
Formed in 1960, OPEC was the first international organization of the Global South. It was perceived as acting as the economic 'spearhead' of the Global South and acquired a role that went far beyond the realm of oil politics. Petrostates such as Venezuela, Nigeria, Algeria, Saudi Arabia, Iraq, and Iran were (and continue to be) key regional actors, and their enduring cooperation, defying wide political and cultural differences and even wars, speaks to the centrality of natural resources in the history of the twentieth century, and to the underlying conflict between producers and consumers of these natural resources.
This is the first history of OPEC and of its members written by a professional historian. It carries the reader from the formation of the first petrostate in the world, Venezuela in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s.
Formed in 1960, OPEC was the first international organization of the Global South. It was perceived as acting as the economic 'spearhead' of the Global South and acquired a role that went far beyond the realm of oil politics. Petrostates such as Venezuela, Nigeria, Algeria, Saudi Arabia, Iraq, and Iran were (and continue to be) key regional actors, and their enduring cooperation, defying wide political and cultural differences and even wars, speaks to the centrality of natural resources in the history of the twentieth century, and to the underlying conflict between producers and consumers of these natural resources.
ABOUT THE AUTHOR
Giuliano Garavini, Senior Research Fellow in the Humanities, NYU
Abu Dhabi
Giuliano Garavini is an Italian historian,
currently Senior Research Fellow in the Humanities at NYU Abu Dhabi. His main
research interests include European integration, decolonization, and global
struggles over natural resources. He has taught classes at various universities
and institutions, including the Graduate Institute in Geneva, the European
University Institute in Florence, and NYU Abu Dhabi. He has published on the
interconnection between European integration and decolonization (After
Empires, 2012), and on the global history of petroleum and of energy, in
particular on the origins and significance of the 1973 'oil shock' (Oil
Shock: The 1973 Crisis and its Economic Legacy, 2016) and on the
'counter-shock' in 1986 (Counter-Shock: The Oil Counter-Revolution of the
1980s, 2018).
TABLE OF CONTENTS
Introduction
1: Fifty-Fifty
2: OPEC
3: Petromodernization
4: The Energy Crisis
5: The Oil Revolution
6: Uneasy Dialogue
7: The Failed Cartel
Epilogue: The Crisis of the Petrostate
1: Fifty-Fifty
2: OPEC
3: Petromodernization
4: The Energy Crisis
5: The Oil Revolution
6: Uneasy Dialogue
7: The Failed Cartel
Epilogue: The Crisis of the Petrostate
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