World Oil Market and Its Controlling Means

Abstract:
This research indicates the role position of oil in western Industrial societies. It studies the performances of states and important oil corporations in oil exporting countries in different times. Before the1950s, oil policies, especially oil price and the extent of the production depended on the wills of western states and corporations. By Nation's awareness and growing the national challenges against the status exploitations, the power and influence of international corporations became more limited. By using different and more complicated and exact means, western industrial societies established a better structured than before. It ensured the western domination and influence on oil policies. On other words, the approaches designed by western industrial societies founded both the international oil market and the hegemony of these structures on world oil policies and could provided continuous, safe, and cheep trend of this strategic commodity.
Language:
Persian
Published:
Journal of Economic Research, Volume:40 Issue: 70, 2006
Page:
295
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