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Soviet Oil and East-West Trade

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East and West in the Energy Squeeze

Part of the book series: Vienna Institute for Comparative Economic Studies ((EEIIWP))

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Abstract

That the Soviet Union controls very large reserves of crude oil is generally known. That it has been the world’s largest producer of oil since 1974 is probably known by the experts but not by the general public in the West. With its production of 572 million tons in 1978 the USSR controlled about one-fifth of the total world supply.

Deutsches Institut fĂĽr Wirtschaftsforschung (DIW), Berlin (West)

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Authors

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Christopher T. Saunders

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© 1980 The Vienna Institute for Comparative Economic Studies

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Bethkenhagen, J. (1980). Soviet Oil and East-West Trade. In: Saunders, C.T. (eds) East and West in the Energy Squeeze. Vienna Institute for Comparative Economic Studies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05758-0_25

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