Description
Book SynopsisOil Supply Crises: Cooperation and Discord in the West, by Vessela Chakarova, offers the most comprehensive, up-to-date analysis of consumer countries' policies and reactions to oil supply shortages. In addition to being a valuable source of information on oil market dynamics, it provides a deep theoretical understanding of one of the most critical issues in international relations: inter-state cooperation. This volume employs a structured, focused comparison to study European consumer countries' cooperation in times of oil supply shortages. There have been fifteen such crises since the Second World War, three of which with dramatic consequences for the world economy. This analysis evaluates European cooperative efforts in seven of these cases, starting with the Abadan crisis in 1951. The cases are selected on the basis of their magnitude and economic impact. In particular, the study looks at intergovernmental negotiations within existing international bodies prior to, during, and imme
Trade ReviewStudies about oil crises usually concentrate on their causes and repercussions on importing states. This welcome book focuses on a neglected aspect of oil politics: the modes of cooperation among Western oil importers during times of crisis in the major producing countries. Chakarova examines this issue through seven case studies drawn from the period 1951-91; her framework delineates the theoretical differences between "neorealist" and "neoliberal" approaches. Each crisis is dissected in depth. Considerable information is provided in this volume. This study should be highly useful to practitioners since it delves into governmental tactics used to cope with crises. Summing Up: Highly recommended. Professional collections. * CHOICE *
Table of ContentsChapter 1. Introduction Chapter 2. The Theoretical Debate Chapter 3. The Suez Crisis Chapter 4. The Oil Embargo—Europe "Weakened and Humiliated" Chapter 5. The Energy Crisis is the "Moral Equivalent of War" Chapter 6. The Rest of the Cases Chapter 7. Oil Crises and Inter-state Cooperation: Is It Possible?
