IDEAS home Printed from https://ideas.repec.org/a/ris/actuec/v70y1994i4p499-520.html
   My bibliography  Save this article

Le pétrole : économie et politique

Author

Listed:
  • Ayoub, Antoine

    (Département d’économique, Université Laval)

Abstract

This article deals with the evolution of the international petroleum sector since 1973 with a special view to interdependence between the economic and political factors that influence it. Two issues are focused upon: (1) the effects of the nationalization of oil companies on the sharing of oil rents and on changes in the structure of the oil market; and (2) the determination of oil prices. The latter involves a discussion of, on the one hand, the political and economic behaviour of the United States and Saudi Arabia and, on the other, the combination of cooperation and conflict that has tended to characterize relations among OPEC countries. L’article présente une synthèse et une tentative d’explication de l’évolution du secteur pétrolier international depuis 1973 en tenant compte du phénomène de l’interdépendance entre les facteurs économiques et les facteurs politiques. Deux points sont privilégiés. Le premier est l’examen des effets des nationalisations (facteur institutionnel) sur le partage de la rente pétrolière et les modifications des structures du marché. Le deuxième point met l’accent, d’une part, sur les comportements économiques et politiques des États-Unis et de l’Arabie Saoudite, et d’autre part, sur le « conflit-coopération » entre les pays de l’OPEP, pour expliquer la détermination et l’évolution des prix.

Suggested Citation

  • Ayoub, Antoine, 1994. "Le pétrole : économie et politique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 70(4), pages 499-520, décembre.
    • Handle: RePEc:ris:actuec:v:70:y:1994:i:4:p:499-520
    as

    Download full text from publisher

    File URL: http://id.erudit.org/iderudit/602160ar
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Antoine Ayoub, 1990. "Oil to 2000," Natural Resources Forum, Blackwell Publishing, vol. 14(2), pages 163-167, May.
    2. Moran, Theodore H., 1981. "Modeling OPEC behavior: economic and political alternatives," International Organization, Cambridge University Press, vol. 35(2), pages 241-272, April.
    3. Griffin, James M, 1985. "OPEC Behavior: A Test of Alternative Hypotheses," American Economic Review, American Economic Association, vol. 75(5), pages 954-963, December.
    4. Adelman, Morris Albert, 1986. "Scarcity and World Oil Prices," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 387-397, August.
    5. Paul J. Frankel, 1989. "Principles of Petroleum - Then and Now," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 1-5.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Reynolds, Douglas B. & Pippenger, Michael K., 2010. "OPEC and Venezuelan oil production: Evidence against a cartel hypothesis," Energy Policy, Elsevier, vol. 38(10), pages 6045-6055, October.
    2. Bandyopadhyay, Kaushik Ranjan, 2009. "Does OPEC act as a Residual Producer?," MPRA Paper 25841, University Library of Munich, Germany, revised 2010.
    3. Güntner, Jochen H.F., 2014. "How do oil producers respond to oil demand shocks?," Energy Economics, Elsevier, vol. 44(C), pages 1-13.
    4. Hochman, Gal & Zilberman, David, 2015. "The political economy of OPEC," Energy Economics, Elsevier, vol. 48(C), pages 203-216.
    5. Kaushik Ranjan Bandyopadhyay, 2022. "Oil and Gas Markets and COVID-19: A Critical Rumination on Drivers, Triggers, and Volatility," Energies, MDPI, vol. 15(8), pages 1-21, April.
    6. Greene, David L & Jones, Donald W & Leiby, Paul N, 1998. "The outlook for US oil dependence," Energy Policy, Elsevier, vol. 26(1), pages 55-69, January.
    7. Colgan, Jeff D., 2014. "The Emperor Has No Clothes: The Limits of OPEC in the Global Oil Market," International Organization, Cambridge University Press, vol. 68(3), pages 599-632, July.
    8. Brown, Stephen P.A. & Huntington, Hillard G., 2017. "OPEC and world oil security," Energy Policy, Elsevier, vol. 108(C), pages 512-523.
    9. Giraud, Pierre-Noel, 1995. "The equilibrium price range of oil : Economics, politics and uncertainty in the formation of oil prices," Energy Policy, Elsevier, vol. 23(1), pages 35-49, January.
    10. Gary Libecap & James L. Smith, 2001. "Political constraints on government cartelization: the case of oil production regulation in Texas and Saudi Arabia," ICER Working Papers 16-2001, ICER - International Centre for Economic Research.
    11. Rosser, J. Jr. & Sheehan, Richard G., 1995. "A vector autoregressive model of the Saudi Arabian economy," Journal of Economics and Business, Elsevier, vol. 47(1), pages 79-90, February.
    12. Celso Brunetti, Bahattin Buyuksahin, Michel A. Robe, and Kirsten R. Soneson, 2013. "OPEC "Fair Price" Pronouncements and the Market Price of Crude Oil," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    13. Mileva, Elitza & Siegfried, Nikolaus, 2012. "Oil market structure, network effects and the choice of currency for oil invoicing," Energy Policy, Elsevier, vol. 44(C), pages 385-394.
    14. Andrade de Sá, Saraly & Daubanes, Julien, 2016. "Limit pricing and the (in)effectiveness of the carbon tax," Journal of Public Economics, Elsevier, vol. 139(C), pages 28-39.
    15. Gulan, Adam & Haavio, Markus & Kilponen, Juha, 2021. "Can large trade shocks cause crises? The case of the Finnish–Soviet trade collapse," Journal of International Economics, Elsevier, vol. 131(C).
    16. Naser, Hanan, 2016. "Estimating and forecasting the real prices of crude oil: A data rich model using a dynamic model averaging (DMA) approach," Energy Economics, Elsevier, vol. 56(C), pages 75-87.
    17. Wirl, Franz, 2009. "OPEC as a political and economical entity," European Journal of Political Economy, Elsevier, vol. 25(4), pages 399-408, December.
    18. Soren T. Anderson & Ryan Kellogg & Stephen W. Salant, 2018. "Hotelling under Pressure," Journal of Political Economy, University of Chicago Press, vol. 126(3), pages 984-1026.
    19. Chevillon, Guillaume & Rifflart, Christine, 2009. "Physical market determinants of the price of crude oil and the market premium," Energy Economics, Elsevier, vol. 31(4), pages 537-549, July.
    20. Kolodzeij, Marek & Kaufmann, Robert.K., 2014. "Oil demand shocks reconsidered: A cointegrated vector autoregression," Energy Economics, Elsevier, vol. 41(C), pages 33-40.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:actuec:v:70:y:1994:i:4:p:499-520. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Dostie (email available below). General contact details of provider: https://edirc.repec.org/data/scseeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.