Counter-shock : the oil counter-revolution of the 1980s /
The oil price collapse of 1985-6 had momentous global consequences: non-fossil energy sources quickly became uncompetitive, the previous talk of an OPEC 'imperium' was turned upside-down, the Soviet Union lost a large portion of its external revenues, and many Third World producers saw the...
| Other Authors: | , , |
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| Format: | eBook |
| Language: | English |
| Published: |
London ;
I.B. Tauris,
2020.
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| Edition: | First edition. |
| Series: | International library of twentieth century history ;
131. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | The oil price collapse of 1985-6 had momentous global consequences: non-fossil energy sources quickly became uncompetitive, the previous talk of an OPEC 'imperium' was turned upside-down, the Soviet Union lost a large portion of its external revenues, and many Third World producers saw their foreign debts peak. Compared to the much-debated 1973 'oil shock', the 'countershock' has not received the same degree of attention, even though its legacy has shaped the present-day energy scenario. This volume is the first to put the oil `counter-shock' of the mid-1980s into historical perspective. Featuring some of the most knowledgeable experts in the field, Counter-Shock offers a balanced approach between the global picture and local study cases. In particular, it highlights the crucial interaction between the oil counter-shock and the political 'counterrevolution' against state intervention in economic management, put forward by Ronald Reagan and Margaret Thatcher in the same period. -- |
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| Physical Description: | 1 online resource (xviii, 382 pages) : illustrations. |
| Bibliography: | Includes bibliographical references (pages 357-374) and index. |
| ISBN: | 9781350985896 1350985899 |
| DOI: | 10.5040/9781350985896 |