Synopses & Reviews
Research on the role of states and markets in the hydrocarbon sector is highly topical in contemporary International Political Economy. In some areas, this is a result of new hydrocarbon discoveries, in others it relates to factors like unsatisfactory progress in energy markets or pollution and other negative externalities. Recent international discussion in this area has so far focused on specific topics such as the role of national oil companies or the impact of government policies on national supply reservations or local content requirements. This edited collection will approach the same question but from a broader perspective, investigating the very essence of the interaction between the state and the market and how this varies on a regional basis.
Research on the role of states and markets in the hydrocarbon sector is highly topical in contemporary International Political Economy. This edited collection will approach this subject from a broader perspective, investigating the very essence of the interaction between the state and the market and how this varies on a regional basis.
About the Author
Andrei V Belyi is Senior Researcher at the University of Tartu, Estonia. He is an expert of international gas markets, Russian energy policies and EU-Russia energy relations.
Kim Talus is Professor of European economic and energy law at the University of Eastern Finland and the Director of the Center for Climate Change, Energy and Environmental Law, Finland. His research and other activities focus on international upstream petroleum law and regulation, and on EU energy law and policy. He has published widely in these areas and is the editor of Oil, Gas and Energy Law journal.
Table of Contents
Introduction; Andrei V Belyi and Kim Talus
PART I: THE INTERNATIONAL POLITICAL ECONOMY OF STATE-MARKET INTERACTION IN ENERGY
1. States and Markets in the Oil Industry; John Mitchell and Beth Mitchell
2. States and Markets in Energy Policy; Pami Aalto
3. Regional Institutions and Energy Market: Systems, Societies, Communities; Andrei V Belyi and Andrey Makarychev
PART II: STATES AND MARKETS IN HYDROCARBON EXPORT-DEPENDENT STATES
4. State Capitalism and the Politics of Resources; Wojciech Ostrowski
5. State and Markets in Russia's Hydrocarbon Sectors. Domestic Specificities and Interrelations with the West; Andrei V Belyi and Catherine Locatelli
6. The Dynamic of Latin American National Oil Companies' Evolution: Pemex and PdVSA; Isabelle Rousseau
7. The Question of 'Security' of Middle East Oil Supply Revisited: Domestic Crisis in a Middle East North African Oil Producer and its Impact on International Markets: the Case of Libya; Marat Terterov and Claudia Nocente
PART III; THE 'CONSUMER' STATE PERSPECTIVE
8. State-Market Interrelations in the US Onshore and Offshore Oil and Gas Sectors; Roman Sidortsov and Benjamin Sovacool
9. European Union Energy: New Role For States And Markets; Kim Talus
10. China's Oil and Gas Industry: Stranded between the Plan and the Market; Phillip Andrews Speed
11. State-market Interaction in Hydrocarbon Sector: the cases of Australia and Japan; Vlado Vivoda
Conclusion; Andrei V Belyi and Kim Talus