The Myth of the O.P.E.C. Cartel

In this, a unique book by a Saudi economist on Saudi Arabia and the world oil crisis, Dr. Johany proposes (using mostly non-technical language) that it is not OPEC as a cartel that is responsible for the rise in oil prices, but a natural demand for a commodity outstripping the available supplies. He believes that both Saudi Arabia and the world in general would be better off without OPEC. This book will be of value to students and teachers of economics and petroleum economists, and of interest to the oil industry, researchers and government agencies in the field of energy resources, and all those concerned with energy or Middle Eastern affairs.