The Soviet oil offensive and inter-bloc economic competition.

by Harold Lubell

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A study that analyzes available data on Soviet oil production and exports, and relates these data to the broader East-West economic struggle. The Soviet oil export drive illustrates three aspects of inter-bloc rivalry: competition in economic and technological achievement, competition for influence, and competition for markets. In each the Soviet oil offensive has achieved considerable success. The author assesses the effects of Soviet oil exports on the West as both consumer and producer of oil. As consumer, the West can gain from lower prices but runs the risk of a less reliable oil supply. Measures are discussed for reducing this risk by ensuring the availability of alternative supplies.

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