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Full-Text Articles in Law
The European Community And The Recycling Of Petrodollars, Peter Herzog
The European Community And The Recycling Of Petrodollars, Peter Herzog
Syracuse Journal of International Law and Commerce
The author discusses the ways and means how surplus funds from oil producing countries can be channeled into Western Europe.
Petrodollars-The Recycling Problem: Some Introductory Remarks, David M. Sassoon
Petrodollars-The Recycling Problem: Some Introductory Remarks, David M. Sassoon
Syracuse Journal of International Law and Commerce
Whatever the actual size and volume of surplus funds that ultimately accrue to the oil producing countries as a result of the quadrupling of oil prices in late 1973 and early 197 4, there is no doubt that a dramatic and unprecedented shift in financial resources from the oil importing to the oil exporting countries has occurred. This trend will continue for at least the immediate future and probably will not reverse before the end of this decade, when new or alternative energy sources and changes in consumption patterns may begin to show their effects. To be sure, early forecasts …