Oil: the doom of communist Romania?

Abstract

This paper achieves two things: first, it establishes the existence of a certain pattern of analysis, which I will call an academic canon, of analyzing the problems caused by the oil crises of the 1970's on the economy of Communist Romania. The canon seems to hold that a series of economic decisions taken in the 1960’s and 70’s by the communist leadership concerning the vast expansion of the petroleum industry led to huge problems after the enormous increases in the price of oil at the end of the 1970's, which led to the virtual destruction of the economy and the huge deprivations of the 1980’s, thus helping to explain the popular rejection of the socialist regime. Secondly, it analyzes what the Romanian communist leadership thought of the oil industry and what was their general strategy related to it. The general conclusion of the paper is that a deeper research on the party documents and economic policies leads to a wider understanding not only of the worldview of the Romanian communist leaders, but also to nuances when describing the economic causes of political and social change.