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National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
The change of OPECs market power after the first oil shock
 Celer, Martin ; Tajovský, Ladislav (advisor) ; Chalupecký, Petr (referee)
In 1973 the world was hit by first, intentional, oil shock. It was caused by relatively new organization OPEC which imposed trade embargo on some western countries supporting Israel during Jom Kipur war. This oil shock which had deep impact on global economics was in fact due to long lasting friction between recently founded OPEC and cartel of oil producing companies known as "Seven sisters". These companies and OPEC led mutual negotiations concerning purchasing oil prices. In this work I intend to analyze the changes of OPEC power following the first oil shock and to prove that this power has substantially increased. I will achieve this by analyzing relationships between both players on the oil market and literature sources concerning time period being in concern.
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OPEC and its politics during the first oil crisis
 Kolštrom, Jan ; Tajovský, Ladislav (advisor) ; Krček, Matěj (referee)
First oil crisis played an important role in shaping of world economy. Organization of the Petroleum Exporting Countries played great role in this process. This paper deals with political and economical background of the time period prior to oil crisis, in front all with situation in the USA and Middle East. Oil market analysis, especially focused on the influence of group known as Seven sisters and its struggle with OPEC, can bring us many answers to questions about rising of the oil crisis. Important part of the paper is an analysis of impact of OPEC's behavior to world economy in the 70's. This behavior led to rise of several situations and to a formation of oil market as we know it today.
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