Book contents
- Frontmatter
- Contents
- List of figures
- List of tables
- Acknowledgments
- 1 Introduction
- 2 Modes of context
- 3 Context as changing meaning
- 4 Contextual indicators
- 5 Rational actor and diffusion models
- 6 Barrier models of context
- 7 Oil nationalization, 1918–1980 (with Nathan Adams)
- 8 Eastern Europe, 1945–1989 (with Jon Solem)
- 9 Historical contexts
- 10 Enduring rivalries, or plus ça change …
- 11 The context of international norms
- 12 The norm of decolonization
- 13 Postface: interacting contexts and explaining contexts
- References
- Index
- CAMBRIDGE STUDIES IN INTERNATIONAL RELATIONS
7 - Oil nationalization, 1918–1980 (with Nathan Adams)
Published online by Cambridge University Press: 07 May 2010
- Frontmatter
- Contents
- List of figures
- List of tables
- Acknowledgments
- 1 Introduction
- 2 Modes of context
- 3 Context as changing meaning
- 4 Contextual indicators
- 5 Rational actor and diffusion models
- 6 Barrier models of context
- 7 Oil nationalization, 1918–1980 (with Nathan Adams)
- 8 Eastern Europe, 1945–1989 (with Jon Solem)
- 9 Historical contexts
- 10 Enduring rivalries, or plus ça change …
- 11 The context of international norms
- 12 The norm of decolonization
- 13 Postface: interacting contexts and explaining contexts
- References
- Index
- CAMBRIDGE STUDIES IN INTERNATIONAL RELATIONS
Summary
There is a worldwide trend toward nationalization and Saudis cannot stand against it alone.
Ahmed Zaki Yamani, Saudi Oil Minister (cited in Yergin 1991, p. 584)Introduction
Oil is a keystone of a modern economy, but historical and geological accident determine where it is to be found. For a number of nations in the Third World oil provides the main source of wealth, and hence is a central concern of government. At the same time, the security and stability of oil supply pose a constant problem for the industrialized countries of the North. The Gulf War was just another in the series of dramatic events in oil history revolving around these two basic facts. Using the barrier model I focus on the part of oil history involving Third World states struggling to gain control over their petroleum industries. This struggle shifts from an emphasis on increasing revenues – royalties and taxes – to the additional demand for ownership and control. Pitted against these countries were the major oil companies and their allied governments, who in the beginning completely controlled and dominated the international oil system, but whose control by 1960 had seriously eroded.
The 1970s saw a dramatic change in the character of the oil industry. Oilproducing countries successfully challenged the system whereby the major oil companies controlled all aspects of the process which took oil from wellhead to gas station.
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- Contexts of International Politics , pp. 114 - 136Publisher: Cambridge University PressPrint publication year: 1994