The third oil boom. Preliminary reading of its causes and magnitude
The setting of the Gulf Cooperation Council (GCC)
Bibliographic Data
| ID | 12923629 |
|---|---|
| Authors | Ali Khalifa Al-Kuwari (Qatar Airways (Qatar), corresponding author), Ali AlKuwari |
| Year | 2009 |
| Volume | 2 |
| Issue | 2 |
| Pages | 304-318 |
| Publication date | 2009-04-21 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Contemporary Arab Affairs (JOURNAL) |
| Journal identifiers | ISSN: 1755-0920 • E-ISSN: 1755-0912 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/17550910902856952 |
| OpenAlex | W1998480591 |
| Language | EN |
| References cited | 2 |
The author provides an informative account of the Third Oil Boom and its impact on the economies of the Gulf States. Beginning by tracing the reasons behind its inception, he examines solutions for investment in alternative sources such as sand oil, oil-extraction from deep waters, shale oil as well as bio-fuel in a cost-benefit analysis. In the second half of this study, the author provides statistics and tables to explain the upsurge in oil prices and revenue values of these states as precipitated by the Third Oil Boom and how this eventually led into an economy of surplus budgets in the Gulf region. Finally, he tackles the grave repercussions of the current financial crisis on such economies
Boom · Dutch disease · Economics · Economy · Investment (military · Macroeconomics · Oil boom · Oil shale · Petroleum · Political science · Revenue · Shale oil · Engineering · Law · Natural Resources and Economic Development · Finance · Geology · Oceanography
| Citation velocity | historical |
|---|---|
| Highly cited | No |