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Empires of Oil: Corporate Oil in Barbarian Worlds by Duncan Clarke

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6Prometheus bound

Corporate oil’s universe has been shrinking. We need to examine the forces that have increasingly constricted corporate oil. These include OPEC, oil sanctions and strategic moves to reduce oil dependency. Here we examine each of these in turn and consider also the consequent shape and direction taken by the contemporary oil industry.

To the list of constraints indicated we should add the strategies adopted by America’s rivals as empires of oil, especially in regard to resource nationalism. The significance of national oil companies has been growing for a long time, diminishing the choices and toughening the terms available to corporate oil in the process. The growth of this industry segment is far from over, especially as national ...

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