POSC240 Lecture Notes - Lecture 10: Hegemonic Stability Theory, Hegemony, Windfall Gain
9 Aug 2016
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More host say in oil production, pricing and profits. Use oil to shape foreign policy of other states. Before 1970s, oil in middle east controlled by oil companies. Seven sisters- bp, shell, exxon, mobil, gulf texaco and chevron. Host countries- saudi arabia, iran, kuwait, libya, qatar, uae plus venezuela, On oct. 6 syria and egypt launched an attack on israel, known as the yom kippur war. Opec (org. of petroleum exporting countries) uses the oil weapon against israeli. Additionally, us oil production peaked in 1970- demand continued to increase while. Intersections of domestic political economies and intl. political economies. What is ipe o o o o o o. Background oct 1973- january 1974 world oil prices quadrupled as a result of allies- increases costs of crude 70% and decrease production domestic supply remained steady. International finance o o o o o o energy costs= economic crises of 1970s. North-south relations o foreign exports o practices o.
