Rethinking “energy nationalism”: a study of the relationship between nation states and companies in the oil industry

Vol. 35 No. 3 (2015)

Jul-Sep / 2015
Published July 1, 2015
PDF-English
PDF-English

How to Cite

de Freitas Peigo, Noele, and José Augusto Gaspar Ruas. 2015. “Rethinking ‘energy nationalism’: A Study of the Relationship Between Nation States and Companies in the Oil Industry”. Brazilian Journal of Political Economy 35 (3):557-75. https://doi.org/10.1590/0101-31572015v35n03a10.

Rethinking “energy nationalism”: a study of the relationship between nation states and companies in the oil industry

Noele de Freitas Peigo
Economista e Analista de Relações Internacionais, mestranda MBP (Master Business Petroleum) na COPPE (RJ).
José Augusto Gaspar Ruas
Economista, Professor e Coordenador Adjunto do Curso de Economia na Facamp.
Brazilian Journal of Political Economy, Vol. 35 No. 3 (2015), Jul-Sep / 2015, Pages 557-575

Abstract

The term “energy nationalism” is frequently used by academic literature and media, but usually without adequate conceptual accuracy. Despite this, a set of papers deepens the discussion on the relationship between nation states and the energy industry, especially the oil sector. These papers allow identifying fundamental elements to understand the energy nationalism, either complementary or divergent between each other. Thus, this study aims at presenting an interpretation of the concept that fills the gaps left by the above mentioned literature based on a global analysis of the oil industry structure and its historical evolution since the mid-19th century.

JEL Classification: F52; L71; Q34; Q43.


Keywords: energy nationalism oil reserves oil industry political economy of energy