<p>A fundamental problem for the economies of Eastern Europe and the Soviet Union was the decline in Russian oil production. The decline and fall of the Soviet Union was caused by an oil shortage.</p>

Cold War Energy: The Rise and Fall of the Soviet Union

Reynolds, Douglas B.

Publisher Unknown

This volume examines theories for why and how an oil price shock and energy crisis can hit. It looks at the economics of oil exploration and explains why OPEC works the way it does, and what happened to the former Soviet Union. The author combines basic economic principles of scarcity and cost with physics, showing point by point the theory that explains why price and costs do not indicate where scarcity is. Other innovations explain contradictions in many commonly used resource economic models.

Scarcity and Growth Considering Oil and Energy: An Alternative Neo-Classical View (Symposium Series)

Business & Money

Economics

Edwin Mellen Pr

See the best price to sell, buy, or rent books by Reynolds, Douglas B.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Reynolds, Douglas B.

See the best price to sell, buy, or rent books by Reynolds, Douglas B.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Cold War Energy: The Rise and Fall of the Soviet Union

Scarcity and Growth Considering Oil and Energy: An Alternative Neo-Classical View (Symposium Series)