08173. THE WORLD OIL MARKET. The world oil market's price structures and political complications between 1965 and 1985 are analyzed in this paper. The impact of OPEC, the Arab oil embargo of 1973, and the 1979 crisis is examined, and the major developments since the embargo are detailed; the current and future structure of the world oil industry is considered. 19p. 28f. 17b.