Genie Out of the Bottle: World Oil since 1970
hardcover
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October 23, 1995
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ISBN-13: 9780262011518
ISBN-10: 0262011514
About this book
Genie Out of the Bottle: World Oil since 1970 by Adelman, Morris Albert. hardcover edition. ISBN: 9780262011518.
Adelman (economics, MIT) chronicles the oil-producing companies monopoly on oil trade and prices since 1970, showing how OPEC nations at first overestimated their power, then held a lower price level. He introduces the basics of oil economics, explains why nearly all OPEC nations are still in debt, and debunks myths surrounding the supply and production of oil. Annotation c. by Book News, Inc., Portland, Or.
