Market cycles, power politics and the latest North – South energy trade conflict

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dc.citation.epage58en_US
dc.citation.issueNumber1en_US
dc.citation.spage45en_US
dc.citation.volumeNumber28en_US
dc.contributor.authorWilliams, P. A.en_US
dc.date.accessioned2016-02-08T10:15:17Z
dc.date.available2016-02-08T10:15:17Z
dc.date.issued2007en_US
dc.departmentDepartment of International Relationsen_US
dc.description.abstractEnergy trade periodically aligns Northern importing - consuming countries against predominantly Southern producing - exporting countries. Conflict appears to follow a cyclical pattern, whereby Northern firms invest in developing Third World hydrocarbon resources to meet consumer demand until market conditions enable unilateral efforts by host sovereigns to augment fiscal take and ownership share and to impose output restrictions, thereby elevating prices and revenues. Although markets eventually correct themselves, major consuming-country governments, to the extent that seller's markets attributable to exporter actions harm short-term consumer welfare and alternative options for restoring buyer's markets are lacking, have varying incentives to support military intervention. Shifting market conditions and power balances suggest six ideal-typical energy trade conflict strategies. Finally, to the extent that exporting states succeed in converting higher hydrocarbon revenues into energy-intensive economic growth, co-operative phases within this conflict pattern could yield to increasingly zero-sum inter-consumer rivalry.en_US
dc.identifier.doi10.1080/01436590601081799en_US
dc.identifier.issn0143-6597
dc.identifier.urihttp://hdl.handle.net/11693/23531
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttp://dx.doi.org/10.1080/01436590601081799en_US
dc.source.titleThird World Quarterlyen_US
dc.subjectDeveloping worlden_US
dc.subjectEconomic growthen_US
dc.subjectEnergy marketen_US
dc.subjectHydrocarbon resourceen_US
dc.subjectMarket conditionsen_US
dc.titleMarket cycles, power politics and the latest North – South energy trade conflicten_US
dc.typeArticleen_US
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