Political events and the oil market between 1965 and 1985
Kosiec, Richard A.
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The oil market has gone through major changes in its structure over the past twenty years. The changes that have occurred can be attributed to events in both the oil producing and consuming countries. Both the political and economic events that took place in the countries directly and indirectly affected the oil market. Specific types of events, however, seemed to be prevalent during the periods of change in the market. These events were usually a retaliation to a previous event that may or may not have had a direct effect on the oil market, but did concern the particular country.