The British Economy After Oil

The British Economy After Oil (1988) examines the future paths for the British economy as North Sea oil runs out. It considers the argument that the future lies in the promotion and growth of services, as well as the counter-argument that the future lies with the development of a strong manufacturing base for the economy.

The British Economy After Oil (1988) examines the future paths for the British economy as North Sea oil runs out. It considers the argument that the future lies in the promotion and growth of services, as well as the counter-argument that the future lies with the development of a strong manufacturing base for the economy.

The impact of North Sea oil and gas on the British economy is examined thoroughly in this book. It explores why the early years of the 1980s, when oil production had risen to the level of self-sufficiency and beyond were years of recession and unemployment. The book compares the record of British government policy with that of Norway, the Netherlands, Venezuela, Australia and Japan. Issues such as long – term energy policy are also examined.

The impact of North Sea oil and gas on the British economy is examined thoroughly in this book. It explores why the early years of the 1980s, when oil production had risen to the level of self-sufficiency and beyond were years of recession and unemployment. The book compares the record of British government policy with that of Norway, the Netherlands, Venezuela, Australia and Japan. Issues such as long – term energy policy are also examined.

Monograph describing the development and economic implications of natural gas and petroleum found in the North sea coastal waters of the UK - discusses the extent of these petroleum resources, their value as energy source and their economic impact relating to the balance of payments, investment, economic growth, power supply trends, energy policy, petroleum industry offshore installation development, etc. Charts, diagrams, graphs, references and statistical tables.

This book charts the story of the raw material that shaped the world's history in the twentieth century, and with it the development of modern Britain. Ranging from the first explorations, through oil-fuelled wars and environmental crises, this book examines the strategic, economic and social importance of oil. Until the discovery of North Sea oil in the 1970s, Britain had virtually no known oil reserves yet by the early twentieth century British companies were producing oil across the Middle East, Russia and America. How did that happen and why have British companies remained internationally important ever since? How have British domestic and foreign policies been dictated by oil? And how have the government and oil companies reacted to the growing importance of environmental issues? From Suez and the 1973 Arab oil embargo to the wrecking of the Torrey Canyon and climate change, this is a comprehensive survey of modern Britain, oil and world history.

First published in 1985, Prospects for Recovery in the British Economy examines the origins of the economic downturn of the early 1980s. The book explores the causes of the decrease in industrial production and employment during the early 1980s and considers the longer-term cyclical problems of the British economy. In doing so, it provides a detailed study on downturn and recovery from a variety of perspectives. Topics covered include the role of the financial markets; the decline in profitability and productivity in the manufacturing industry; and, the social implications of long-term trends. Prospects for Recovery in the British Economy is ideal for those with an interest in the history of the British economy and the history of economic thought.

The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century – one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.