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  • International Oil Companies, US Government and Energy Security Policy: An Interest-Based Analysis

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    Author(s)
    Vivoda, Vlado
    Griffith University Author(s)
    Vivoda, Vlado
    Year published
    2010
    Metadata
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    Abstract
    This article evaluates the importance of US international oil companies (IOCs) for US energy security and is particularly important given the absence of scholarly analysis of the subject area in both the energy security and international business literature. The analysis suggests that the interests of US IOCs and the US Government have not been exclusively aligned and that the two sides have historically, in most cases, acted independently in pursuit of their interests. The IOCs act in harmony with the US foreign and energy security policy only when their interests are congruent, or under severe threat, such as that ...
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    This article evaluates the importance of US international oil companies (IOCs) for US energy security and is particularly important given the absence of scholarly analysis of the subject area in both the energy security and international business literature. The analysis suggests that the interests of US IOCs and the US Government have not been exclusively aligned and that the two sides have historically, in most cases, acted independently in pursuit of their interests. The IOCs act in harmony with the US foreign and energy security policy only when their interests are congruent, or under severe threat, such as that of legal action. The US IOCs have historically played a very limited role in enhancing US energy security. In recent years, to the extent that they have been unable to secure access to new oil reserves and increase their oil production, they are not supporting US energy security interests.
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    Journal Title
    International Journal of Global Energy Issues
    Volume
    33
    Issue
    1/2
    DOI
    https://doi.org/10.1504/IJGEI.2010.033016
    Copyright Statement
    © 2010 Inderscience Publishers. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal website for access to the definitive, published version.
    Subject
    International Relations
    Electrical and Electronic Engineering
    Applied Economics
    Other Economics
    Publication URI
    http://hdl.handle.net/10072/36059
    Collection
    • Journal articles

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