The Persian Gulf at the Dawn of the New Millennium

Provides an account of the discovery of oil in the Persian Gulf and the tension between domestic forces and international companies over the ownership of these resources, then examines price fluctuations from 1973 to 1998, analyzes dynamics of both demand and supply policies, and demonstrates the unique characteristics of the Gulf that will keep it as the major player in the oil industry well into the 21st century. Argues that the North Sea and Caspian Basin cannot replace the Gulf as the dominant player in energy politics.