An Analysis of the Relationship Between OPEC Oil Revenues and Sales of United States Arms.
AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OHIO SCHOOL OF SYSTEMS AND LOGISTICS
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This research suggests a positive relationship between U.S. arms deliveries to OPEC and OPEC oil sales to the U.S. The thesis demonstrates that the constant dollar price of OPEC oil has essentially only doubled since 1970. The dominance of OPEC purchases in total U.S. arms sales is shown to have begun as early as 1971. The authors have examined and presented, in 1975 constant dollar terms, arms deliveries, arms agreements, all other U.S. exports and oil imports between the United States and OPEC countries. Difficulties in identifying original sources of oil imported into the U.S., particularly through U.S. possessions such as the Virgin Islands, have been highlighted. Author
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