International Petroleum Economics and Politics

Course content

Review of petroleum industry from l859 when it was discovered by Drake in Pennsylvania, USA, up to and including early 1980`s when the world economic structure survived the `second oil price shock.` Role of oil in international economics and politics, its vital importance in the Middle East and North Africa for the Western and Eastern economical and political systems. Economical and political results of developments. A brief survey of the structure of oil market.