The Next Prize

Yergin, Daniel; Stoppard, Michael

doi:10.2307/20033760

Cited by 32 publications

(29 citation statements)

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“…Major landscape changes, both nationally and globally, have been affected by energy regimes, with the location of petroleum deposits playing a major role in the strategic decisions of the Second World War and the price of oil playing a major role in the trajectory of the Cold War. Yergin (2009) [89] discusses the impact of oil on these landscape changes.…”

Section: Motivating Factors In Transitions: Early/late Adopters and Nmentioning

confidence: 99%

U.S. Energy Transitions 1780–2010

O’Connor

Cleveland

2014

Energies

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Economic and social factors compel large-scale changes in energy systems. An ongoing transition in the United States is driven by environmental concerns, changing patterns of energy end-use, constraints on petroleum supply. Analysis of prior transitions shows that energy intensity in the U.S. from 1820 to 2010 features a declining trend when traditional energy is included, in contrast to the "inverted U-curve" seen when only commercial energy is considered. This analysis quantifies use of human and animal muscle power, wind and water power, biomass, harvested ice, fossil fuels, and nuclear power, with some consumption series extending back to 1780. The analysis reaffirms the importance of innovation in energy conversion technologies in energy transitions. An increase in energy intensity in the early 20th century is explained by diminishing returns to pre-electric manufacturing systems, which produced a transformation in manufacturing. In comparison to similar studies for other countries, the U.S. has generally higher energy intensity.

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Section: Motivating Factors In Transitions: Early/late Adopters and Nmentioning

confidence: 99%

U.S. Energy Transitions 1780–2010

O’Connor

Cleveland

2014

Energies

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“…Our approach, we would argue, is particularly relevant for the recent surge in natural resources-related foreign investments by investors from emerging countries. After all, multinational firms from traditional "Western" countries have been competing with each other for access to natural resources in developing countries for many decades (Venn 1986, Yergin 1991. However, the problem as analyzed above may be less relevant for such investors.…”

Section: Discussionmentioning

confidence: 99%

“…This is a distinct change to earlier periods in which MNC from Western source countries were often dominating resource-extracting industries, as exemplified by the famous "seven sisters" who largely dominated production and controlled most of the reserves in the international oil business until the 1970s (Yergin 1991, Venn 1986). Today the international oil industry is largely shaped by the "New Seven Sisters", those oil companies that have been established over recent decades in oil producing countries.…”

Section: Domestic State-owned Firmsmentioning

confidence: 99%

“…Such action was historically often justified with the argument that international firms would colonize host countries and get an "unfair" large share, if not all, of the profits from exploitation of scarce resources (Yergin 1991). Another argument that is put forward more recently by host countries is the claim that the investor has not invested enough, would thus exploit not enough resources, and thereby "betray" the host-country.…”

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confidence: 99%

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Competition for natural resources and the hold‐up problem

Hefeker

Kessing

2017

Canadian J of Economics

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We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The host country government is not only unable to commit not to expropriate investment ex post but also unable to commit to the provision of local resources. In the case of competition for local resources, this dual commitment problem triggers higher investment levels and increases host country revenues, but hurts profits of international investors.Résumé. Concurrence pour les ressources naturelles et le problème du hold-up. Les auteurs étudient le r ôle de la concurrence pour le problème du hold-up dans l'investissement direct de l'étranger dans les industries basées sur les ressources naturelles. Le gouvernement du pays h ôte est incapable non seulement de s'engager à ne pas exproprier l'investissement ex post mais est aussi incapable de s'engager à fournir les ressources locales. Dans le cas de concurrence pour les ressources locales, ce double problème d'engagement enclenche des niveaux d'investissements plus élevés et accroît les revenus du pays hôte, mais réduit les profits des investisseurs internationaux.

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“…Daniel Yergin, in his classic review of the oil industry, The Prize, points out that there have been many revelations by industry observers that the world was running out of petroleum and, as a consequence, steep increases in the price of oil would soon follow (Yergin, 1992). The end of the era of 'cheap oil' has been predicted many times since the major oil fields were first discovered in the 1860s in Baku, Russia, near the Black Sea.…”

Section: Long-term International 'Drivers'mentioning

confidence: 99%

‘Sustainable materials management’: A new international solid waste paradigm

Rogoff¹

2013

Waste Manag Res

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The Next Prize

Cited by 32 publications

References 0 publications

U.S. Energy Transitions 1780–2010

U.S. Energy Transitions 1780–2010

Competition for natural resources and the hold‐up problem

‘Sustainable materials management’: A new international solid waste paradigm

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