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