The State and the International Oil Market

1. Front Matter

   Pages i-vii

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2. Introduction

   • Coby van der Linde

   Pages 1-2

3. Redrawing the Boundaries Between State and Company

   • Coby van der Linde

   Pages 3-24

4. State Participation in the Economy

   • Coby van der Linde

   Pages 25-48

5. International Economic Instability

   • Coby van der Linde

   Pages 49-66

6. The Failure of OPEC to Secure Economic Rents

   • Coby van der Linde

   Pages 67-80

7. Turning Black Gold into Development

   • Coby van der Linde

   Pages 81-96

8. National Oil Companies

   • Coby van der Linde

   Pages 97-126

9. Ambitious Consolidation

   • Coby van der Linde

   Pages 127-150

10. Strategic Consolidation

    • Coby van der Linde

    Pages 151-154

11. Back Matter

    Pages 155-170

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Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix Chapter 1 INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Chapter 2 REDRAWING THE BOUNDARIES BETWEEN STATE AND COMPANY . . . 3 Chapter 3 STATE PARTICIPATION IN THE ECONOMY . . . . . . . . . . . . . . . . . . . . . 25 Chapter 4 INTERNATIONAL ECONOMIC INSTABILITY . . . . . . . . . . . . . . . . . . . . . 49 Chapter 5 THE FAILURE OF OPEC TO SECURE ECONOMIC RENTS . . . . . . . . . . 67 Chapter 6 TURNING BLACK GOLD INTO DEVELOPMENT . . . . . . . . . . . . . . . . . . 81 Chapter 7 NATIONAL OIL COMPANIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 Chapter 8 AMBITIOUS CONSOLIDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127 Chapter 9 STRATEGIC CONSOLIDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165 PREFACE This book has been kicking around my desk for quite some time. On and off I returned to my work on the role of the state in the economy and the international oil market, but for a long time I was not satisfied with the shape it was in. I understand now that I needed the insights developed over the past couple of years on the role of the state, regulation, liberalization, privatization, and the recent events in the international oil industry to bring all my ideas together in a more coherent format. It was the events that followed the Asian financial crisis that drew me back to finish writing this book. The early beginnings of this book were developed atthe Institute of International Affairs, Chatham I-louse, in London, where I was a research fellow with the Energy and Environment Programme in 1992 and 1993. At the Colorado School of Mines, I had the opportunity to test my ideas in a graduate class, and continue the research.

• competition
• development
• organization
• organizations

• Netherlands Institute of International Relations ‘Clingendael’, The Netherlands

  Coby Linde

• Leiden University, The Netherlands

  Coby Linde

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.

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