2011
DOI: 10.1017/s0260210511000039
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Current oil (dis)order: players, scenarios, and mechanisms

Abstract: This article has been constructed under the premise that International Political Economy provides the appropriate analytical tools for understanding the characteristics and performance of oil in economic and political relations. The article argues the need to articulate three levels of analysis (major players, scenarios, and exchange mechanisms) in order to understand the economic and political relations that underpin oil exchange during last decades. The central conclusion is that the current oil system is ch… Show more

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Cited by 8 publications
(5 citation statements)
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“…Se trata más bien una nube de diferentes disposiciones y arreglos institucionales que se ocupan de los diversos aspectos de la gobernanza energética global. La energía se gobierna de manera fragmentada (piecemeal) y sobre todo mediante respuestas ad-hoc (Florini y Sovacool, 2009;Palazuelos, 2012) .…”
Section: Una Gobernanza Energética Fragmentadaunclassified
“…Se trata más bien una nube de diferentes disposiciones y arreglos institucionales que se ocupan de los diversos aspectos de la gobernanza energética global. La energía se gobierna de manera fragmentada (piecemeal) y sobre todo mediante respuestas ad-hoc (Florini y Sovacool, 2009;Palazuelos, 2012) .…”
Section: Una Gobernanza Energética Fragmentadaunclassified
“…Some scholars have highlighted the potential added value of the field of International Political Economy (IPE) in understanding the interaction of politics and the economy (Kuzemko et al, 2012). Palazuelos (2012), for example, develops a framework consisting of players, scenarios, and exchange mechanisms. This effort is laudable in that it gives equal standing to states and energy firms as well as to (political) institutionalization and market mechanisms.…”
Section: First Limitation: Unclear Relation Between States and Marketsmentioning
confidence: 99%
“…Hancock and Vivoda, 2014). Scholars have recently tried to enrich the conceptual toolbox of global energy studies by referring to global governance (Goldthau and Witte, 2010; Lesage et al, 2010), regime complexes (Colgan et al, 2011; Van de Graaf, 2013), complexity theory (Cherp et al 2011), and international political economy (Kuzemko et al, 2012; Palazuelos, 2012). From a sociological, social theory perspective, however, these attempts remain limited.…”
mentioning
confidence: 99%
“…Applying these IPE approaches to the study of oil relations, Palazuelos () has developed an ‘oil model’ which we now apply to an analysis of the European gas markets. Each model has three components: players (P), geographical scenarios (S) and exchange mechanisms (M).…”
Section: Political Economy Approach For the European Gas Modelmentioning
confidence: 99%
“…This means that, according to Palazuelos (), a P‐S‐M energy model is defined by the way players (P) interact shaping scenarios (S) and mechanisms (M). Therefore, it is first necessary to identify who the main players are, and then what power sources they have, as well as the intensity and nature (relational or structural) of this power.…”
Section: Political Economy Approach For the European Gas Modelmentioning
confidence: 99%