Global Oil Supplies: The Impact of Resource Nationalism and Political Instability

Luciani, Giacomo

doi:10.2139/ssrn.1898628

Cited by 1 publication

(2 citation statements)

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“…A third understanding is one that places key emphasis on the restriction of production by states. State constraint of resource production in order to regulate market price and conserve reserves are often mentioned as import to RN, but the account of Luciani () is notable for the weight attached to it. For Luciani (, p. 1) RN includes, ‘All policies undertaken by the national government of the producing country that restrict access to resources to a subset of potential players, or create separation between the domestic and international market, or directly impose quantitative limitations to production and exports’.…”

Section: Defining Resource Nationalismmentioning

confidence: 99%

“…The restriction may be on environmental grounds, to conform to OPEC quotas or to benefit domestic consumers. Luciani (, p. 6) considers RN ‘rather normal behaviour’ of oil producing countries. His point seems to be that in so far as it intercedes with the otherwise unfettered activities of IOCs, it is likely to impede international exports.…”

Section: Defining Resource Nationalismmentioning

confidence: 99%

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Explaining Resource Nationalism

Pryke

2017

Global Policy

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This article attempts to dissect the term resource nationalism (hereafter RN). It looks first at the origins of the term. Second, it examines various definitions of RN: in the business press where a zero sum conception of state and corporate interest is generally assumed, related definitions in academic writings that hinge on the relative control of resources by government and company, explanations that subsume the phenomenon within economic nationalism, accounts that stress how it restricts outputs and, finally, recent discussions that question prevailing understandings of RN and emphasise instead the diversity of its contemporary forms. The article then considers drivers of RN: the capture of economic rents, the corollary of the influence of market prices on this objective, obsolescing bargaining, the pressures of natural scarcity and the role of national identity. Fourth, the global context, commercial and legal, in which RN operates. Finally, the article considers the fluctuations in RN in recent years.

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Section: Defining Resource Nationalismmentioning

confidence: 99%

Section: Defining Resource Nationalismmentioning

confidence: 99%