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Lookup NU author(s): Dr Neveen Abdelrehim
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During the first half of the twentieth century, access to oil became crucial for both economic and strategic reasons. No modern state could do without oil, but since the known deposits were irregularly spread around the globe, most states had to rely on outside supplies for their needs. This combination of relative scarcity and high criticality meant that oil became a very politically contested issue. For oil-rich states, the consequence was that their regulatory frameworks for this natural resource could come under pressure from foreign powers or from foreign companies, while for oil-importing states the consequence was that the policies of exporting states had direct implications for their supply of this resource. Thus, regulation of oil was never a purely domestic issue.  Marcelo Bucheli, “Multinational Corporations, Totalitarian Regimes and Economic Nationalism,” Business History 50, 4 (2008): 533–54.
Author(s): Abdelrehim N, Verma S
Editor(s): Dr. Andreas R. Dugstad, Dr. Pal R. Sandvik, De. Espen Storli
Publication type: Book Chapter
Publication status: Published
Book Title: Political Economy of Resource Regulations
Print publication date: 01/04/2019
Online publication date: 01/04/2019
Acceptance date: 05/12/2018
Publisher: UBC Press
Library holdings: Search Newcastle University Library for this item