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|Title:||The monster in the closet? The oil price shock and The South Eaat Asan economy|
|Keywords:||The monster;closet;The oil price shock;The South Eaat Asan economy|
|Series/Report no.:||Tập 22;Số 3|
|Abstract:||In 1970, US oil production started to decline, exacerbating the embargo's impact. Following this, Nixon named James E. Akins as US Ambassador to Saudi Arabia to audit US production capacity. The confidential results were alarming—no spare capacity was available and production could only decrease. USA oil production and imports. As shown, the import spike starts from the US production peak, and the embargo has little effect. The oil embargo had little effect on overall supply, according to Akins|
|Appears in Collections:||Legal Studies|
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