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OverviewRAMADy, Mahdi OPec in a sHALE oil world –where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. ""OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions"" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . ""Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future"" Hassan Qabazard, former Director of Research Division , OPEC. "". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side"", Sadad Al Husseini , former Board Member and EVP Saudi Aramco “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent. Full Product DetailsAuthor: Mohamed Ramady , Wael MahdiPublisher: Springer International Publishing AG Imprint: Springer International Publishing AG Edition: 1st ed. 2015 Dimensions: Width: 15.50cm , Height: 2.20cm , Length: 23.50cm Weight: 6.282kg ISBN: 9783319223704ISBN 10: 3319223704 Pages: 269 Publication Date: 29 October 2015 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsIntroduction and Overview.- Part 1: A history of mistrust and struggle:.- Oil and geopolitics in the 1970s and 1980s.- OPEC and the Roaring 1990s.- The 2000s: The Boom and Bust Cycles.- Part 2: OPEC and the New Reality.- A false dawn: Myths and Realities of OPEC’s power.- Technology and non –conventional advances: the ever fading “ peak oil”.- Non- OPEC producers and the rise of the USA.- Facing realities: OPEC fiscal stress and break even pricing.- A new paradigm: Protecting market share?.- Environmental obligations and climate change politics.- Charting a new role: avoiding the coming perfect storm.- Conclusions.- Bibliography.- IndexReviewsOPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC. Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future Hassan Qabazard, former Director of Research Division, OPEC. The book presents a detailed understanding of OPEC's capabilities and limitations as they have evolved with time and is a vital resource for anyone wishing to consider OPEC's and the oil industry's future options and opportunities. The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC's side Sadad Al Husseini , former Board Member and EVP Saudi Aramco. OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC. Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future Hassan Qabazard, former Director of Research Division, OPEC. The book presents a detailed understanding of OPEC's capabilities and limitations as they have evolved with time and is a vital resource for anyone wishing to consider OPEC's and the oil industry's future options and opportunities. The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC's side Sadad Al Husseini , former Board Member and EVP Saudi Aramco. Author InformationMohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia. Wael Mahdi is Bloomberg OPEC Energy Correspondent. Tab Content 6Author Website:Countries AvailableAll regions |