Oil Policy Research Articles

Oil and the American Century: The Political Economy of U. S. Foreign Oil Policy, 1941-1954

Oil and the American Century: The Political Economy of U. S. Foreign Oil Policy, 1941-1954

Rethinking Energy Security:New Directions for Oil Policy

<i>Rethinking Energy Security:</i>New Directions for Oil Policy

BOOK REVIEWS

Book reviewed in this artilces: Export‐Oriented Industrialization: The ASEAN Experience . By Mohamed Ariff and Hal Hill. The Singapore Economy: New Directions . Report of the Economic Committee, Ministry of Trade and Industry. The Cassava Economy of Java . By W. P. Falcon, W. O. Jones, S. R. Pearson and others. The Small Developing State: Comparing Political Economies in Costa Rica, Singapore and Jamaica . By Dennis John Gayle. Development Economics on Trial: An Anthropological Case for the Prosecution . By Polly Hill. The Sovereign Entrepreneur: Oil Policies in Advanced and Less Developed Capitalist Countries . By Merrie Gilbert Klapp. Models of Development: A Comparative Study of Economic Growth in South Korea and Taiwan . Edited By Lawrence J. Lau. The Pacific Century: Economic and Political Consequences of Asian‐Pacific Dynamism . By Staffan Burenstam Linder. Import Controls and Export‐Oriented Development: A Reassessment of the South Korean Case . By Richard Luedde‐Neurath. Development in Malaysia: Poverty, Wealth and Trusteeship . By Ozay Mehmet. Modernization in China ‐ The case of the Shenzhen Special Economic Zone . By Kwan‐Yiu Wong and David K. Y. Chu. Indonesia: The Rise of Capital . By Richard Robison. Japan's Response to Crisis and Change in the World Economy . Edited by M. Schmieglow. Fiscal Issues in South‐East Asia . Edited by Parathasarati Shome. Industrialization Policies and Regional Economic Development in Malaysia . By Dean Spinanger. Pacific Growth and Financial Interdependence . Edited By Augustine H. H. Tan and Basant Kapur. ASEAN ‐ South‐Asia Economic Relations . Edited by C. D. Wadhva, and M. G. Asher. Asia's ‘Miracle’ Economies: Korea, Japan, Taiwan, Singapore and Hong Kong . By Jon Woronoff.

United States Foreign Oil Policy, 1919-1948: For Profits and Security

United States Foreign Oil Policy, 1919-1948: For Profits and Security

Oil and the American Century: The Political Economy of U.S. Foreign Oil Policy, 1941-1954

Journal Article Oil and the American Century: The Political Economy of U.S. Foreign Oil Policy, 1941–1954. By David S. Painter. (Baltimore: Johns Hopkins University Press, 1986. xiii + 302 pp. $32.50.) Get access Robert J. McMahon Robert J. McMahon University of Florida Search for other works by this author on: Oxford Academic Google Scholar Journal of American History, Volume 73, Issue 4, March 1987, Pages 1070–1071, https://doi.org/10.2307/1904143 Published: 01 March 1987

Reviews

MICHAEL SCHALLER. The American Occupation of Japan: The Origins of the Cold War in Asia. New York: Oxford University Press, 1985. Pp. xii, 351. $22.50 (US). Reviewed by Amakawa Akira KENTON J. CLYMER. Protestant Missionaries in the Philippines, 1898–1916: An Inquiry into the American Colonial Mentality. Urbana: University of Illinois Press, 1986. Pp. 267. $28.95 (US). Reviewed by Paul A. Varg KEES VAN DER PIJL. The Making of an Atlantic Ruling Class. New York: Schoken Books Inc.; London: Verso, 1984. Pp. xviii, 331. $9.95 (US). Reviewed by Norman A. Graebner DAVID S. PAINTER. Oil and the American Century: The Political Economy of U.S. Foreign Oil Policy, 1941–1954. Baltimore: The Johns Hopkins University Press, 1986. Pp. xii, 302. $32.50 (US). Reviewed by Lloyd C. Gardner GORDON MARTEL. Imperial Diplomacy: Rosebery and the Failure of Foreign Policy. Kingston and Montreal: McGill-Queen's University Press, 1986. Pp. xxi,307. $37.50 (Can.). Reviewed by Harry Hearder CLIVE TREBILCOCK. Phoenix Assurance and the Development of British Insurance, Volume I, 1782–1870. New York: Cambridge University Press, 1985. Pp. xx, 792. $79.50 (US). Reviewed by B.R. Mitchell RUTH KLEINMAN. Anne of Austria: Queen of France. Columbus: Ohio State University Press, 1985. Pp. 350. $35.00 (US). Reviewd by Orest Ranum WOLFGANG J. MOMMSEN and HANS-GERHARD HUSUNG, eds. The Development of Trade Unionism in Great Britain and Germany, 1880–1920. Winchester, Mass.: Allen & Unwin, Inc., 1985. Pp. viii, 400. $27.95 (US). Reviewed by Henry Felling RITCHIE OVENDALE. The English-Speaking Alliance: Britain, the United States, the Dominions and the Cold War, 1945–51. Winchester, Mass.: Allen & Unwin, Inc., 1985. Pp. 309. $27.00 (US). Reviewed by Denis Smith ROBERT O'NEILL, ed. The Conduct of East-West Relations in the 1960s. Hamden, Conn.: Archon Books, The Shoestring Press, 1985. Pp. 182. $22.50 (US). Reviewed by Cyril E. Black JOHN TISA. Recalling the Good Fight: An Autobiography of the Spanish Civil War. South Hadley, Mass.: Bergin & Garvey Publishers, Inc., 1985. Pp. xv, 235. $12.95 (US). Reviewed by Ronald C. Newton T.C. SMOUT, ed. Scotland and Europe, 1200–1850. Edinburgh: John Donald Publishers Ltd., 1986. Pp. 206. £16.00. Reviewed by S.G.E. Lythe BRUCE GALLOWAY. The Union of England and Scotland 1603–1608. Edinburgh: John Donald, 1986. Pp. vii, 197. £20.00; BRUCE R. GALLOWAY and BRIAN P. LEVACK, eds. The Jacobean Union: Six Tracts of 1604. Edinburgh: Scottish History Society, 1985. Pp. Ixxx, 268. No price available; MAURICE LEE, Jr. The Road to Revolution: Scotland under Charles I, 1625–37. Urbana and Chicago: University of Illinois Press, 1985. Pp. xvi, 258. $21.95 (US). Reviewed by Jane E.A. Dawson LLOYD C. GARDNER. Safe for Democracy: The Anglo-American Response to Revolution, 1913–1923. New York: Oxford University Press, 1984. $37.50 (US). Reviewed by Michael Jabara Carley KARL SCHWEIZER and JEREMY BLACK, eds. Essays in European History in Honour of Ragnhild Hatton. Studies in History and Politics/Études d'Histoire et de Politique, Vol. IV. Lennoxville, Que.: Bishop's University, 1985; distributed by Humanities Press, Atlantic Highlands, N.J. Pp. 188. $25.00 (US). Reviewed by Helen Liebel-Weckowicz GEOFFREY JUKES. Hitler's Stalingrad Decisions. Berkeley: University of California Press, 1985. Pp. xi, 266. $27.50 (US); CHARLES BLOCH. Le IIIe Reich et le monde. Paris: Imprimerie nationale, 1986. Pp. 545. No price available. Reviewed by Martin Kitchen ROGER BULLEN and FELICITY STRONG, eds., Palmerston: Volume I: Private Correspondence with Sir George Villiers (afterwards fourth Earl of Clarendon) as Minister to Spain 1833–1837. London: Her Majesty's Stationery Office, 1985. Pp. 795. £50.00. Reviewed by Raymond Carr JOO-HONG NAM. America's Commitment to South Korea: The First Decade of the Nixon Doctrine. New York: Cambridge University Press, 1986. Pp. x, 218. $34.50 (US). Reviewed by Roger Dingman JENNY WORMALD. Lords and Men in Scotland: Bonds of Manrent 1442–1603. Edinburgh: John Donald Publishers Ltd., 1985. Pp. 476. £30. Reviewed by F.R.H. Du Boulay COLIN READ and RONALD J. STAGG, eds. The Rebellion of 1837 in Upper Canada: A Collection of Documents. Toronto: Oxford University Press, 1985 (The Publications of the Champlain Society, Ontario Series, XII). Pp. c,471. $18.95 (Can.). Reviewed by Peter Baskerville TADEUSZ ZENCZYKOWSKI. Samotny Boj Warszawy [Warsaw's Lonely Struggle]. Paris: Editions Spotkania, 1985. Pp. 196. Reviewed by Piotr S. Wandycz EARL R. BECK. Under the Bombs: The German Home Front, 1942–1945. Lexington: University Press of Kentucky, 1986. Pp. xi, 252. $21.00 (US). Reviewed by R.J. Overy

Oil Policy In A Changing Market

Human interactions with wildlife are a defining experience of human existence. These interactions can be positive or negative. People compete with wildlife for food and resources, and have eradicated dangerous species; co-opted and domesticated valuable ...Read More

Oil and the world order: American foreign oil policy

Oil and the world order: American foreign oil policy

Oil and the American Century: The Political Economy of U.S. Foreign Oil Policy, 1941–1954. By David S. Painter. (Baltimore, Md.: The Johns Hopkins University Press, 1986. xii + 302 pp. Tables, notes, bibliography, and index. $32.50.)

Oil and the American Century: The Political Economy of U.S. Foreign Oil Policy, 1941–1954. By David S. Painter. (Baltimore, Md.: The Johns Hopkins University Press, 1986. xii + 302 pp. Tables, notes, bibliography, and index. $32.50.)

Oil and the American Century: The Political Economy of U.S. Foreign Oil Policy, 1941–1954. By David S. Painter. Baltimore: Johns Hopkins University Press, 1986. Pp. ix, 302. $32.50.

Oil and the American Century: The Political Economy of U.S. Foreign Oil Policy, 1941–1954. By David S. Painter. Baltimore: Johns Hopkins University Press, 1986. Pp. ix, 302. $32.50. - Volume 46 Issue 4

Review: United States Foreign Oil Policy, 1919-1948: For Profits and Security, by Stephen J. Randall

Review: <i>United States Foreign Oil Policy, 1919-1948: For Profits and Security</i>, by Stephen J. Randall

The process of government and UK oil participation policy

The creation and subsequent abolition of the British National Oil Corporation is analysed using the methodological framework of the economic theories of politics and bureaucracies. The oil policy process is examined with special attention to the nature of government intervention in the oil extraction sector and the impact of various pressures on the development and implementation of oil policy. The paper concludes that bureaucratic and political influences on government oil participation policy have led to distortions and imperfections which have added to uncertainty and undermined efficiency in the offshore sector.

The Current Level Of World Oil Pricing: Implications For The Independent Sector Of The Oil And Gas Industry In Western Canada

The Independent Petroleum Association of Canada The Independent Petroleum Association of Canada (lPAC) is a trade association representing the Canadian independent oil and gas companies operating in Canada. The association was formed in 1960 and this year celebrates its 25th anniversary. From an original founding group of 18 companies, IPAC has grown to a current size of some 200 oil and gas exploration and production companies and 150 associate members who provide equipment and services to the oil and gas industry. The principal objective of lPAC is to develop among the independent sector of the petroleum industry in Canada, all levels of government and the general public, a better and more complete understanding, cooperation and awareness of the role which the independent sector plays in Canada's economy. IPAC member companies principally explore in the western Canadian sedimentary basin, although a number of members are also involved in exploration and drilling activities in the frontier areas. Some facts regarding the independent sector of the oil and gas industry are:IPAC members companies have total assets in excess of$24 billion, representing about 25% of the oil and gas industry.IPAC members paid over $200 million in land bonuses in Alberta in 1984 almost 37% of the total.IPAC members drilled over 3 000 wells in Alberta in 1985-some 44% of the total.IPAC members employ almost 15 000 people.IPAC members paid over $1–5 billion in crown royalties in 1985–20"70 of the total.IPAC members spent in excess of $2 billion on exploration and development in 1985-some 35% of the total.IPAC members operate 550/0 of the wells in Alberta. Major Decisions of 1985 A brief historical review of the last year or so leading up to today's current situation in the oil and gas industry will be given. During 1985 Canada went through a major restructuring of the relationship between federal government and industry in the oil and gas sector. Oil and Gas Agreements The Atlantic Accord was signed defining the federal/provincial relationship in the eastern frontier areas, the Western Accord was signed by the federal government and the three western producing provinces; crude oil deregulation became a fact and a commitment was entered into by industry and government to phase into natural gas deregulation by November of 1986; and lastly, a new frontier oil and gas policy was defined in Canada. The Western Accord in particular signalled a new era of cooperative policy development in the oil and gas industry in Canada. Negotiations were undertaken in a spirit of consultation and cooperation, recognizing the view and position of both parties, and making a substantive effort to reach an acceptable accommodation. The main accomplishment of the Western Accord was the resolution of the role of the federal government in the Canadian oil and gas industry. The outcome of that agreement was the removal of the Special Petroleum and Gas Revenue Tax and a commitment to move to deregulated oil prices in June of 1985.

Enterprise and History: Essays in Honour of Charles Wilson

Preface List of contributors Part I. Images and Interpretations: 1. Comparative business history Alfred D. Chandler Jr 2. Historians and businessmen D. C. Coleman 3. Businessmen and their motives W. J. Reader 4. La revolution manquee R. M. Hartwell Part II. England and the Low Countries in Pre-Industrial Times: 5. Bruges as a trading centre in the early modern period J. A. van Houtte 6. English re-exports and the Dutch staplemarket in the eighteenth century David Ormrod 7. 'Little London': British merchants in Rotterdam during the seventeenth and eighteenth centuries P. W. Klein 8. Prejudice and policy: Sir George Downing as parliamentary entrepreneur Henry Roseveare 9. The lawyer as businessman in eighteenth-century England Peter Mathias Part III. Enterprise, Finance and Politics in the Modern World: 10. The Bank of Rome and commercial credit, 1880-1914 L. de Rosa 11. The scientific brewer: founders and successors during the rise of the modern brewing industry Kristof Glamann 12. Large firms in Belgium, 1892-1974: an analysis of their structure and growth Herman van der Wee 13. 'No bloody revolutions but for obstinate reactions'? British coalowners in their context, 1919-20 Barry Supple 14. French oil policy, 1917-30: the interaction between state and private interests R. W. Ferrier 15. Reflections on the Dutch economic interests in the East Indies H. Baudet Bibliography of Charles Wilson's published works Index.

Review: International Economics: United States Foreign Oil Policy 1919–1948

Review: International Economics: United States Foreign Oil Policy 1919–1948

United States Foreign Oil Policy, 1919-1948: For Profits and Security

Journal Article United States Foreign Oil Policy, 1919–1948: For Profits and Security. By Stephen J. Randall. (Kingston: McGill-Queen's University Press, 1985. viii + 328 pp. Maps, tables, notes, bibliography, and index. $35.00.) Get access Stephen G. Rabe Stephen G. Rabe University of Texas, Dallas Search for other works by this author on: Oxford Academic Google Scholar Journal of American History, Volume 72, Issue 3, December 1985, Pages 729–730, https://doi.org/10.2307/1904381 Published: 01 December 1985

United States International Oil Policy 1973-83: Pursuing a Cooperative Regime or an Imposed Order?

Bull-Berg, H. J. United States International Oil Policy 1973-83: Pursuing a Coop erative Regime or an Imposed Order? Cooperation and ConflictXX, 1985, 173-194. The fragmented theory on international regimes in essence focuses upon traits of coordination or collaboration between states within an international system. How can this approach be of utility for understanding the international politics of oil of the last decade? The author explores one aspect of this question by focusing his attention on the relationship between US policies and their intended bearing upon the political organization of the international oil system. Did the US pursue a cooperative strategy? If not, what are the chances for a future spontaneous creation of an international oil regime? The first section explores how we can use the concept of a non-contractual regime as a theoretical point of departure, and subsequently develops a link between actor policies and effects on the political ramifications of a subsystem like oil. The categories emerging from this discussion guide the empirical examination of US policies which follows in the second section. The third and last part of the article briefly suggests how an explanatory model could be sketched. It is pointed out that a combination of a realist and an economically oriented model should be selected, because of the character of oil as a strategic as well as an economic good. While the empirical conclusion points to a US policy that in essence has attempted to impose a new oil order on the system, the theoretical conclusion points to the methodologically problematic nature of investigating a purely normatively defined regime.

United States Foreign Oil Policy 1919-1948: For Profits and Security

United States Foreign Oil Policy 1919-1948: For Profits and Security

Book reviews

Evatt and Australian Diplomacy Alan Renouf, Let Justice Be Done: The Foreign Policy of Dr. H. V. Evan. University of Queensland Press, St. Lucia, 1983, pp. 314. $19.95. Michael Denborough (ed.), Australia and Nuclear War, Croom Helm Australia, Sydney, 1983, pp. 270. $29.95 (cloth), $12.95 (paper). William T. Tow and William R. Feeney (eds.), U.S. Foreign Policy and Asian‐Pacific Security: a Transregional Approach. Westview Special Studies in National Security and Defence Policy. Westview Press (through Bowker Publishing Co., Epping, U.K.), 1982, pp. xiv + 264. $26.00 Dieter Braun, The Indian Ocean: Region of Conflict or ‘Zone of Peace? C. Hurst, London and Croom Helm (Australia), Canberra, 1983, pp. xii + 228. $22.95. Ashok Kapur, The Indian Ocean: Regional and International Power Politics. Praeger, New York, 1982, pp. xxvii + 227. $29.95. Louis Turner, Oil Companies in the International System. George Allen and Unwin, London, 1983, pp. 279. $18.95. George Philip, Oil and Politics in Latin America: Nationalist Movements and State Companies. Cambridge University Press, 1982, pp. xviii + 577. $97.00. Ali M. Jaidah, An Appraisal of OPEC Oil Policies. Longman Group, 1983, pp. vi + 150. No price given. Charles K. Ebinger, The Critical Link: Energy and National Security in the 1980s. Ballinger Publishing, Cambridge, Mass. 1982, pp. xxx + 260. $27.95. Edward K. Y. Chen, Multinational Corporations, Technology and Employment. Macmillan, London, 1983, pp. xv + 247. £25. Gavan McCormack, Cold War, Hot War. An Australian Perspective on the Korean War. Hale and Iremonger, Sydney, 1983, pp. 191. $24.95 (cloth), $11.95 (paper) M. P. Srivastava, The Korean Conflict: Search for Unification. Prentice‐Hall of India, New Delhi, 1982, pp. v + 120. Rs29.00 Immanuel C. Y. Hsu, China without Mao. The Search for a New Order. Oxford University Press, Oxford, 1983, pp. xii + 212. $33.95 (cloth), $13.50 (paper). Ved Mehta, A Family Affair: India Under Three Prime Ministers. Oxford University Press, New York, 1982, pp. 166. $25.50. Nayantara Sahgal, Indira Gandhi: Her Road to Power. Frederick Ungar, New York, 1982, pp. xv + 260. £9.95. Chin Kin Wah, The Defence of Malaysia and Singapore: The transformation of a security system 1957–1971. Cambridge University Press, Cambridge, 1983, pp. xii + 219. $64.50. Gavin W. Jones and Hazel V. Richter (eds), Population Resettlement Programs in Southeast Asia. Australian National University, Development Studies Centre, Monograph No. 30, 1982, pp. x + 189. $12.00. Chai‐Anan Samudavanija, The Thai Young Turks. Institute of Southeast Asian Studies, Singapore, 1982, pp. 101. S$19.50. Denis MacEoin and Ahmed al‐Shahi (eds), Islam in the Modern World. Croom Helm, London and Canberra, 1983, pp. v + 148. $21.95. Roger Southall, South Africa's Transkei: The Political Economy of an ‘Independent’ Bantustan. Heinemann Education Books, London, 1982, pp. 338. £6.95. Sam Nolutshungu, Changing South Africa: Political Considerations. Manchester University Press, Manchester, 1982, pp. 219. £6.50. Richard Higgott, Political Development Theory. Croom Helm, London and Canberra, 1983, pp. xiii + $11.95. Escott Reid, On duty: A Canadian at the Making of the United Nations, 1945–46. McClelland and Stewart, Toronto, 1983, pp. xxi + 181. $Can16.95.

Oil Export Policy and Economic Development in OPEC

During the 1970s, members of the Organization of Petroleum Exporting Countries (OPEC) increased the price of their oil exports by 2000% in nominal terms. The ability of OPEC countries to increase the economic and other benefits they drew from each barrel of oil was a familiar theme of that decade. However, recent developments in the world oil market may not be so encouraging for OPEC. From 1979 to 1983, demand for OPEC crude oil decreased by almost 45%, or from 30.9 to 17.5 million barrels per day (mbd). Despite this dramatic decrease, the news on the price front has not so far been that bad for OPEC. The average OPEC oil price, which had increased from $1.80/bbl (barrel) in 1970 to $36/bbl by 1980, declined to $29/bbl by 1983. OPEC has thus defied many experts by managing to avoid a price collapse. Not surprisingly, these developments have raised arguments about the nature of OPEC and how it operates. OPEC has been characterized variously as a very tight cartel and as a loose and ineffectual organization. This paper tries to shed some light on OPEC, and especially on how the economic development objectives of influential OPEC members affect their oil policies.