Publisher's Synopsis
The dissertation examines Saudi oil policy, focusing mainly on the first half of the 1980s. In this period, Saudi Arabia played a "swing producer" role to control oil prices in the world oil market. This behavior of Saudi decision-makers can be understood within the economic framework of the "dominan
producer" model. After interdisciplinary research on previous political and economic studies of Saudi oil policy, the dissertation concludes that the basic notion of Saudi oil policy as a "swing producer" was intended to meet Saudi Arabia's long-term political and economic interests. It was
therefore logical for Saudi officials to implement the oil policy of "swing producer" to maximize the long-term economic value of Saudi oil, since this would also contribute tothe political consolidation of the Saudi regime.
