THE ECONOMIC CONSEQUENCES OF THE FALL IN FUTURE ENERGY DEMAND IN THE ARAB WORLD
(The following is the text of the paper delivered by Dr. Robert Marbro, the Director of the Oxford Institute for Energy Studies, at the Third Arab Energy Conference, which was held in Algiers from 4-9 May).
The economic development of the Arab region in recent years has become heavily dependent on the fortunes of oil. The sudden and significant increases in oil prices and revenues of 1973/74...
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