The Rise and Fall of OPEC in the Twentieth Century

By Giuliano Garavini,

Book cover of The Rise and Fall of OPEC in the Twentieth Century

Book description

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.

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Why read it?

1 author picked The Rise and Fall of OPEC in the Twentieth Century as one of their favorite books. Why do they recommend it?

Professor Garavini, who teaches at Roma Tre University in Italy, has written a game-changer of a book on the Organization of Petroleum Exporting Countries, one that reorients our view away from the overblown accounts of oil-weapon-wielding sovereigns holding the West hostage. If you believe that OPEC is a cartel or that it embargoed the United States and reduced oil supplies to the world in 1973, this book will set you straight.

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