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The Global Oil Industry: The Location of Production - Middle East Domination or Regionalization?

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  • Peter Odell

Abstract

ODELL P. R. (1997) The global oil industry: the location of production - Middle East domination or regionalization?, Reg. Studies 31, 311-322. Between 1955 and 1975, under increasingly competitive conditions, low-cost Middle East oil supplies gradually achieved the dominant role in the global oil market. Thereafter, radically changed political relationships undermined the Middle East's position and led to a resurgence of geographically dispersed oil production. There are now alternative prospects for the industry's development; either the re-establishment of Middle East domination under a return to low-price oil or the emergence of regional oil (energy) markets, perceived as able to ensure supply continuity, built around the three groupings of OECD countries and, in each case, their proximate oil producing peripheries. ODELL P.R. (1997) L'industrie du petrole internationale: la localisation de la production - La domination du Moyen-Orient ou la regionalisation?, Reg. Studies 31, 311-322. Entre 1955 et 1975, sous des conditions de plus en plus competitives, l'offre du petrole bon marche en provenance du Moyen-Orient a joue peu a peu un role determinant sur le marche du petrole international. Par la suite, la mutation des rapports politiques a ebranle la place du Moyen-Orient et a amene a la reapparition de la production du petrole dispersee dans l'espace. Il y a de nouvelles possibilites pour ce qui est du developpement de l'industrie; soit le retablissement de la domination du Moyen-Orient sous la condition d'un retour au petrole bon marche, soit la naissance des marches du petrole (de l'energie) regionaux, susceptibles d'assurer l'offre, etablis a partir des trois blocs des pays de l'OCDE et de leur peripherie a proximite productrice de petrole. ODELL P. R. (1997) Die globale O¨lindustrie: Produktionsstandorte - Vorherrschaft des Mittleren Osten oder Regionalisierung?, Reg. Studies 31, 311-322. Im Zeitraum 1955-75 erlangten preisgu¨nstige O¨llieferungen des Mittleren Ostens, unter zunehmend ha¨rteren Wettbewerbsbedingungen, allma¨hlich die fu¨hrende Rolle im globalen O¨lgescha¨ft. Danach untergruben radikal vera¨nderte politische Verha¨ltnisse die Stellung des Mittleren Ostens, und fu¨hrten zu einem Wiederaufleben geographisch verstreuter O¨lproduktion. Jetzt haben die Aussichten fu¨r die Entwicklung der Industrie sich dahingehend gea¨ndert, dass entweder eine Wiedererlangung der fu¨hrenden Rolle des Mittleren Ostens mit Ru¨ckkehr zu Niedrigpreisen oder ein Aufkommen regionaler O¨l (Energie) ma¨rkte mo¨glich ist, wobei letztere in der Lage sind, die Kontinuita¨t der Lieferungen sicher zu stellen, die sich um die drei Gruppen der OECD La¨nder und ihre jeweils na¨chstliegenden o¨lproduzierenden Randgebiete aufbaut.

Suggested Citation

  • Peter Odell, 1997. "The Global Oil Industry: The Location of Production - Middle East Domination or Regionalization?," Regional Studies, Taylor & Francis Journals, vol. 31(3), pages 311-322.
    • Handle: RePEc:taf:regstd:v:31:y:1997:i:3:p:311-322
    DOI: 10.1080/00343409750134719
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    Cited by:

    1. Aad Correljé & Lucia van Geuns, 2011. "The Oil Industry: A Dynamic Patchwork of Approaches?," Chapters, in: Matthias Finger & Rolf W. Künneke (ed.), International Handbook of Network Industries, chapter 12, Edward Elgar Publishing.
    2. Correlje, Aad & van der Linde, Coby, 2006. "Energy supply security and geopolitics: A European perspective," Energy Policy, Elsevier, vol. 34(5), pages 532-543, March.

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