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Is there an oil weapon? Security implications of changes in the structure of the international oil market.

By:

HUGHES Llewelyn

Material type: Text

TextPublication details: 2015Subject(s):

In: International Security Vol 39 No 3, Winter 2014/15, pp.152-189 (68) Summary: What is the relationship between oil and coercion? For decades states have worried that their dependence on oil gives producers a potential lever or coercion. This article comprises of four sections; Firstly, it summarizes the existing literature on the relationship between oil and coercion. Secondly, it describes changes in the structure of the international oil market since the 1970s and outlines a framework that distinguishes the degree of market power, from which potential coercive power emerges, across different stages of the petroleum supply chain. Thirdly, it uses this framework to discuss the national security problems that emerge from the exercise of market power in each of these stages. It concludes with a discussion of the policy implications of the analysis.

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Item type	Current library	Call number	Copy number	Status	Date due	Barcode
Journal Article	Mindef Library & Info Centre Journals	SOCIAL SCIENCE (Browse shelf(Opens below))	1	Not for loan		45440-1001

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What is the relationship between oil and coercion? For decades states have worried that their dependence on oil gives producers a potential lever or coercion. This article comprises of four sections; Firstly, it summarizes the existing literature on the relationship between oil and coercion. Secondly, it describes changes in the structure of the international oil market since the 1970s and outlines a framework that distinguishes the degree of market power, from which potential coercive power emerges, across different stages of the petroleum supply chain. Thirdly, it uses this framework to discuss the national security problems that emerge from the exercise of market power in each of these stages. It concludes with a discussion of the policy implications of the analysis.

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