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                    [post_content] => The OPEC price escalations of 1973-74 and 1979-80 have had a crucial effect on the world economy and on international trade. Non-OPEC countries have had t o adjust to higher petroleum prices. They have tried to develop alternative energy resources and have invested in various energy conservation measures.
                    [post_title] => The Euromarket & OPEC Oil Revenues: A Study of Banking Intermediation
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                    [post_content] => In 1974 the thirteen OPEC countries suddenly received record oil revenues of $114 billion . The disposal of that income was as follows: 35% was used to finance imports of goods - mainly consumer goods and the remainder - the current account surplus - was placed abroad, mainly in the form of bank deposits (see statistics in Bergendahl 1984).
                    [post_title] => Petroleum Investment in the Arabian Gulf
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                    [post_content] => Since the first petroleum crisis in 1973-74 oil prices have risen considerably. One reason for this has been that oil consumers have been insensitive to price changes. In the short run it has been difficult to find any viable fuel alternative .
                    [post_title] => The Management of OPEC’s Financial Surpluses
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Latest Publications by Goran Bergendahl