This volume explores some possible outcomes of the recent increase in oil prices. The study investigates the pattern of the future price structure of oil and energy, the resulting flow of revenues to the OPEC countries, in particular to the Arab oil producing countries, and the implication of these developments to the economic growth and foreign capital accumulative of the Middle Eastern countries on one hand and to the world economic, financial and monetary structure on the other hand. Part 1 deals with the market for energy and oil and derives scenarios with the emerging projections of oil prices. Part 2 projects alternative levels of oil revenues to the oil-producing countries and estimates the future economic growth of the Middle Eastern countries and their accumulation of foreign capital. Part 3 discusses possible investment strategies concerning the accumulated capital that may be implemented by the Middle East oil-producing countries and analyzes the implications of the world economy.

Semiannual, with semiannual and annual indexes. References to all scientific and technical literature coming from DOE, its laboratories, energy centers, and contractors. Includes all works deriving from DOE, other related government-sponsored information, and foreign nonnuclear information. Arranged under 39 categories, e.g., Biomedical sciences, basic studies; Biomedical sciences, applied studies; Health and safety; and Fusion energy. Entry gives bibliographical information and abstract. Corporate, author, subject, report number indexes.