The Impact of OPEC's Crude Oil Production on OECD's consumption of Oil for the Period 1980-2010

Abstract

OPEC is considered as one of the great petroleum countries in reserves, while the Organization for Economic Cooperation and Development (OECD) representing largest market in the global energy consumption, all of these reasons motivated the researcher to choose this subjects for his research. The capabilities of OPEC and OECD lead to many researchers have been presented in order to typify their conduction in the fields of production and consumption depending on theoretical and practical consensus concerted in demonstrating their role in the world oil market.The importance of search came from the role of OPEC and OECD in the oil market from being the largest producer and consumer in the world oil market, The research problem is that the policies pursued by OECD in the shift away from oil consumption as the main source of energy sources, leading to fluctuations in the rates of utilization of production capacities of OPEC. The research aims to shows the impact of OPEC oil production on OECD consumption. The research supposes that OPEC production has had a dramatic impact on OECD consumption of crude oil, in this research it had used a model combines the theoretical and practical framework.The search came in three chapters: the first one explain the evolution of OPEC and OECD, the second chapter identify the factors which they influencing the productive and consumption behavior of two organizations, Finally the Third chapter treated with the theoretical framework and experimental measurement of the impact of OPEC's production of crude oilon the oil consumpti on of OECD, The research found that the world price of crude oil had no any significant effect on the