OPEC is Acting in Self-Defense

Worldview ◽  
1980 ◽  
Vol 23 (1-2) ◽  
pp. 24-35
Author(s):  
Loring Allen

AbstractTwo hundred oil specialists from around the world met in Vienna late last fall to talk with the Organization of Petroleum Exporting Countries, OPEC. As owners of two-thirds of world oil reserves and seven-eighths of oil exports, OPEC's members can make the future they want come true. Their conference in Venezuela last month only confirms this.OPEC's headquarters is a squat, square building along the Danube Canal almost in the shadow of St. Stephen's Cathedral. Thirty-five countries sent official representatives, and though the United States sought no invitation, twenty Americans were on hand—about half from oil companies, the others researchers and scholars. The speeches were somber, even gloomy, reflecting troubled waters ahead.

Author(s):  
M. Share

On April 30 the United States and the World marked the 100th day in office of Donald Trump as President of the United States. The first 100 days are considered as a key indicator of the fortunes for a new President’s program. This article briefly reviews the 2016 campaign and election, the 11 week transition period, his first 100 days, a brief examination of both American-Russian relations and Sino-American relations, and lastly, what the future bodes for each under a Trump Presidency. The 100 Day period has been chaotic, shifting, and at times incoherent. He has made 180 degree shifts toward many major issues, including Russia and China, which has only confused numerous world leaders, including Presidents Putin and Xi. There has been a definite disconnection between what Trump says about Russia, and what his advisors and cabinet officials say. So far Trump has conducted a highly personalized and transactional foreign policy. All is up for negotiation at this a huge turning point in American foreign policy, the greatest one since 1945. Given all the world’s instabilities today, a rapprochement between the United States and Russia is a truly worthwhile objective, and should be strongly pursued.


2020 ◽  
Vol 2020 (3) ◽  
pp. 5-23
Author(s):  
Grzegorz W. Kolodko ◽  

The huge leap made by the Chinese economy over the past four decades as a result of market reforms and openness to the world is causing fear in some and anxiety in others. Questions arise as to whether China’s economic success is solid and whether economic growth will be followed by political expansion. China makes extensive use of globalization and is therefore interested in continuing it. At the same time, China wants to give it new features and specific Chinese characteristics. This is met with reluctance by the current global hegemon, the United States, all the more so as there are fears that China may promote its original political and economic system, "cynicism", abroad. However, the world is still big enough to accommodate us all. Potentially, not necessarily. For this to happen, we need the right policies, which in the future must also include better coordination at the supranational level.


Author(s):  
S. A. Zolina ◽  
I. A. Kopytin ◽  
O. B. Reznikova

In 2018 the United States surpassed Saudi Arabia and Russia to become the largest world oil producer. The article focuses on the mechanisms through which the American shale revolution increasingly impacts functioning of the world oil market. The authors show that this impact is translated to the world oil market mainly through the trade and price channels. Lifting the ban on crude oil exports in December 2015 allowed the United States to increase rapidly supply of crude oil to the world oil market, the country’s share in the world crude oil exports reached 4,4% in 2018 and continues to rise. The U.S. share in the world petroleum products exports, on which the American oil sector places the main stake, reached 18%. In parallel with increasing oil production the U.S. considerably shrank crude oil import that forced many oil exporters to reorient to other markets. Due to high elasticity of tight oil production to the oil price increases oil from the U.S. has started to constrain the world oil price from above. According to the majority of authoritative forecasts, oil production in the U.S. will continue to increase at least until 2025. Since 2017 the tendency to the increasing expansion of supermajors into American unconventional oil sector has become noticeable, what will contribute to further strengthening of the U.S. position in the world oil market and accelerate its restructuring.  


Author(s):  
William H. McNeill

IN THE LATTER part of the nineteenth century, east coast city dwellers in the United States had difficulty repressing a sense of their own persistent cultural inferiority vis-à-vis London and Paris. At the same time a great many old-stock Americans were dismayed by the stream of immigrants coming to these shores whose diversity called the future cohesion of the Republic into question almost as seriously as the issue of slavery had done in the decades before the Civil War. In such a climate of opinion, the unabashed provinciality of Frederick Jackson Turner's (1861-1932) paper "The Significance of the Frontier in American History," delivered at a meeting of the newly founded American Historical Association in connection with the World Columbian Exposition in Chicago (1892), began within less than a decade to resound like a trumpet call, though whether it signalled advance or retreat remained profoundly ambiguous....


Worldview ◽  
1970 ◽  
Vol 13 (6) ◽  
pp. 14-16
Author(s):  
Lionel Gelber

When the United States fostered the recovery and underwrote the security of Western Europe she had more than sentiment to impel her. That salient zone is a pivotal sector of the world balance, and while she may station fewer of her own troops upon its soil, she can entertain no total disengagement from it. But there is another West European item, the future of the Common Market, which calls for a fresh American scrutiny. The West will be better off if Western Europe acquires more of an ability to stand on its own feet. Gaullism, however, revealed a less modest goal, one that was not confined to France and did not vanish with the departure of General de Gaulle. On the contrary, it may have gained new leverage from his downfall.


Author(s):  
Mark Regnerus

Marriage has come a long way since biblical times: Women are no longer thought of as property, and practices like polygamy have long been rejected. The world is wealthier and healthier, and people are more able to find and form relationships than ever. So why are Christian congregations doing more burying than marrying today? Explanations for the wide recession in marriage range from the mathematical—more women in church than men—to the economic, and from cheap sex to progressive politics. But perhaps marriage hasn’t really changed at all; instead, there is simply less interest in marriage in an era marked by technology, gender equality, and secularization. This is a book about how today’s Christians find a mate within a faith that esteems marriage but a world that increasingly yawns at it, and it draws on in-depth interviews with nearly two hundred young adult Christians from the United States, Mexico, Spain, Poland, Russia, Lebanon, and Nigeria, in order to understand the state of matrimony in global Christian circles today. Marriage for nearly everyone has become less of a foundation for a couple to build upon and more of a capstone. Christians are exhibiting flexibility over sex roles but are hardly gender revolutionaries. Meeting increasingly high expectations of marriage is difficult, though, in a free market whose logic reaches deep into the home today, and the results are endemic uncertainty, slowing relationship maturation, and stalling marriage. But plenty of Christians innovate, resist, and wed, suggesting the future of marriage will be a religious one.


Worldview ◽  
1982 ◽  
Vol 25 (12) ◽  
pp. 8-10 ◽  
Author(s):  
Lester R. Brown

Each day two 20,000-ton freighters loaded with grain leave the United States for the Soviet Union. This flow of grain between two major adversaries is influenced by economic considerations such as the size of the Soviet grain deficit, the U.S. capacity to supply, and the Soviet ability to pay. Political considerations include the risk to both trading partners of such a heavy interdependence, whether as supplier or market.Never before has a country dominated the world grain trade as the United States does today. Its 55 per cent share of world grain exports in 1981 easily overshadows Saudi Arabia's 24 per cent share of world oil exports in 1978. And while the amount of oil traded internationally has been falling since 1979, grain shipments are continuing to grow.


1907 ◽  
Vol 1 (3) ◽  
pp. 624-635 ◽  
Author(s):  
Albert Bushnell Hart

Because of the many contributions made by America to the world's ideals of government, the nation has the feeling that it is quite adequate to work out its own principles on all other subjects without the aid of any other people. “ What have we to do with abroad ? ” said a United States senator from Ohio, only thirty years ago; and the word “ un-American ” covers a multitude of virtues. In fact the roots of American institutions of all kinds, social, economic, and political, are in the traditions of the English race; and American ideals have been modified by the experience of other European nations. Nor has the western hemisphere been separated from the great current of world affairs. Its destinies have been closely interwoven with those of Europe; and since 1895 the United States has awakened to the fact that it not only is a part of the sisterhood of nations, but is destined to be one of the half dozen states which will powerfully influence the future of all the continents. The world is no longer round about America; America is part of the world.


2021 ◽  
Vol 12 (1) ◽  
pp. 1-10
Author(s):  
Dominick Spano

Abstract The 2008 Financial Recession was one of the most significant fiscal downturns in the history of the United States. Considering that the world is in the midst of a global pandemic which may lead to another adverse economic climate, I believe that looking back at the causes of the 2008 Financial Recession is recommended. This may assist administrators to avoid the missteps which sparked this down economy in the future. By reading this paper, readers will also learn about the demographics effected by the recession and the Dodd-Frank Act, which was drafted to combat future occurrences of this nature.


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