Re-visiting the Myths of Oil Policies* A Book Review “Oil Policies, Oil Myths” (Dr. Fadhil CHALABI, 2010) By Luay J. Al Khatteeb**, Oct 2012.

Not since Jahangir Amuzeger’s study Managing the Oil Wealth: OPEC Windfalls and Pitfalls (2001) has there been an authoritative study of OPEC. This time Dr. Chalabi’s study is from inside the organisation and for the first time we get an opportunity to see the truth about the workings of OPEC as he sets about chronicling its history. From its beginning in 1960, when Standard oi

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