The State and the International Oil Market ― Competition and the Changing Ownership of Crude Oil Assets

Unless OPEC and other oil-producing countries redraw the boundaries between state and company, they will end up surrendering their competitive edge. So contends the author who focuses on the oil industry as a case in point of the evolving role of the state in developing economies. Starting from the 1973 oil price hike and OPEC countries' nationalization of oil assets, he analyzes the changing power relations between private and public market players; the effects of these changes on internal and external markets; and the wedge that private international oil companies and capital markets drive between governments and their National Oil Companies. Linde is affiliated with The Netherlands Institute of International Relations "Clingendael" and Leiden U. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Coby van der Linde is Professor of International Political Economy and the International Oil Markets at Leiden University and Senior Research Fellow at The Netherlands Institute of International Relations `Clingendael', The Hague.