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Petro-Nationalism: The Futile Search for Oil Security
This paper takes the contrarian viewpoint that petro-nationalist oil security policies by oil consuming nations are likely to be ineffectual, very costly, and politically destabilizing internationally. Because the world oil market is one big bathtub, oil security is a public goods problem with a wor...
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Published in: | The Energy journal (Cambridge, Mass.) Mass.), 2015-12, Vol.36 (1_suppl), p.25-42 |
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cited_by | cdi_FETCH-LOGICAL-c389i-c341d9a579e980e1ea78566373d8b2ed1a2e2ea718341ee69592e3352535f2403 |
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container_end_page | 42 |
container_issue | 1_suppl |
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container_title | The Energy journal (Cambridge, Mass.) |
container_volume | 36 |
creator | Griffin, James M. |
description | This paper takes the contrarian viewpoint that petro-nationalist oil security policies by oil consuming nations are likely to be ineffectual, very costly, and politically destabilizing internationally. Because the world oil market is one big bathtub, oil security is a public goods problem with a worldwide scope. Thus cooperative solutions are essential. Particularly troublesome are bilateral supply agreements and efforts to achieve oil autarky, which aim specifically at achieving a political or economic advantage vis-à-vis other oil consuming nations. These misguided actions are likely to trigger politically destabilizing oil resource competition among major oil consuming nations. |
doi_str_mv | 10.5547/01956574.36.SI1.jgri |
format | article |
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source | EconLit s plnými texty; EBSCOhost Business Source Ultimate; JSTOR Archival Journals and Primary Sources Collection; ABI/INFORM Global |
subjects | Cartels Crude oil prices Energy security Laws, regulations and rules Nationalism Oil Oils & fats Petroleum Production data Safety and security measures Security Security management |
title | Petro-Nationalism: The Futile Search for Oil Security |
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