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1. Some exceptions include Franklin Tugwell, “Energy and Political Economy,” Comparative Politics 13 (10 1980), pp. 1–14. Gerald Garvey's review essay of policy research priorities and paradigms is also quite exceptional. See Garvey , “Research on Energy Policy: Process and Institutions,” in Energy and the Social Sciences, Hans Landsberg, ed. (Washington, D.C.: Resources for the Future, 1974). An excellent review of the literature on energy in the economics discipline is Dermot Gately, “A Ten-Year Retrospective: Opec and the World Oil Market,” Journal of Economic Literature 22 (09 1984), pp. 1100–1114.
2. The best critical bibliography by far is Ernest J. and Ann-Marie Yanarella, Energy and the Social Sciences; A Bibliographic Guide to the Literature (Boulder: Westview, 1982).
3. Although now less visible in importing countries during the “glut,” the topic evoked strong feelings during interviews that I conducted in 1980–1981 at OPEC headquarters in Vienna, at the International Energy Agency in Paris, and with national policy makers in other European countries, the Middle East, the United States, and several non-oil-exporting developing countries. Continued market uncertainty has again raised the specter of politicization.
4. Davis David H., Energy Politics, 2d ed. (New York: St. Martin's, 1978).
5. Peter Evan's work on Brazil, for example, relies heavily on studies of the petroleum sector, but energy per se is incidental to the analysis. Some of the writing on regimes below confirms the primary direction of borrowing. See Evans , Dependent Development (Princeton: Princeton University Press, 1979).
6. For varying definitions of energy see Earl Cook, Man, Energy, Society (San Francisco: W. H. Freeman, 1976); Sam Schurr et al., Energy in America's Future (Baltimore: Johns Hopkins University Press for Resources for the Future, 1979); and Melvin Conant and Fern Gold, The Geopolitics of Energy (Boulder: Westview, 1978). For the relationship between policy making in renewable and in commercial fuel areas, see Willard Johnson and Wilson Ernest J. III, “Energy Crisis in Africa,” Daedalus (Spring 1982), pp. 211–42.
7. One of the exceptions is Leon Lindberg, The Energy Syndrome (Lexington, Mass.: Lex-ington Books, 1977). For national chapters see also Kenneth Stunkel, National Energy Profiles (New York: Praeger, 1981).
8. Robert Keohane and Joseph Nye, “World Politics and the International System,” in Bergston C. Fred, ed., The Future of the International Economic Order1 (Lexington, Mass.: Lexington Books, 1973), p. 116.
9. Paul Samuelson, Economics, 8th ed. (New York: McGraw-Hill, 1970), chap. 4.
10. Nazli Choucri, “International Political Economy: A Theoretical Perspective,” in Ole Holsti, Randolph Siverson, and Alexander George, ed., Change in the International System (Boulder: Westview, 1980), p. 10.
11. Adelman M. A., The World Petroleum Market (Baltimore: Johns Hopkins University Press for Resources for the Future, 1971).
12. Adelman M. A., “Is the Oil Shortage Real?” Foreign Policy 9 (Winter 1972–1973). See also “Regional Changes Since 1973 Resulting from the Petroleum Crisis,” Library of Congress, Congressional Research Service Compendium, 1978, pp. 5–10.
13. Ibid., p. 39.
14. Edwin Deagle, Bijan Mossavar-Rahmani, and Richard Huff, Energy in the 1980's: An Analysis of Recent Studies(New York: Group of Thirty, 1981).
15. Robert Gilpin, U.S. Power and the Multinational Corporation (New York: Basic, 1975), p. 41.
16. Joseph Nye, “Maintaining a Nonproliferation Regime”, in George Quester, ed., Nuclear Proliferation (Madison: Wisconsin University Press, 1981).
17. Robert Keohane and Joseph Nye, Power and Interdependence (Boston: Little, Brown, 1977), chap. 3.
18. Rusett Bruce “The Mysterious Case of Vanishing Hegemony; or, Is Mark Twain Really Dead?” International Organization 39 (Spring 1985), pp. 207–32; and Susan Strange's insightful critique in the special issue of International Organization devoted to regimes, “Cave! hic dragones: A Critique of Regime Analysis,” International Organization 36 (Spring 1982).
19. Horst Mendershausen, Coping with the Oil Crisis (Baltimore: Johns Hopkins University Press for Resources for the Future, 1976); Oystein Noreng, Oil Politics in the 1980's. (New York: McGraw-Hill, 1978); Hans Jacob Bull-Berg and Magne Holler, The International Oil Regime—The Conceptualization of a Non-Contractual Regime (Polhodga, Norway: Fridtjof Nansen Institute, 1983); and Bull-berg Restoring the Oil-Smeared Eagle: The U.S. Oil Regime Strategy, 1973–1983 (Polhogda, Norway: Fridtjof Nansen Institute, 1984).
20. Bull-berg and Holler , The International Oil Regime, p. 5.
21. Ibid., p. 11.
22. Ibid., pp. 43–45.
23. Keohane Robert O., “The Theory of Hegemonic Stability and Changes in International Economic Regimes, 1961–1911,” in Holsti, Siverson, and George, Change in the International System, pp. 131–62. See also Keohane , “The Demand for International Regimes,” International Organization 36 (Spring 1982), pp. 325–55; “Hegemonic Leadership and U.S. Foreign Economic Policy in the ‘Long Decade’ of the 1950s,” in William Avery and David Rapkin, eds., America in a Changing World Political Economy (New York: Longman, 1982); “State Power and Industry Influence: American Foreign Oil Policy in the 1940s,” International Organization 36 (Winter 1982), pp. 165–83; and After Hegemony (Princeton: Princeton University Press, 1985).
24. Keohane, “Hegemonic Leadership.”
25. Keohane, “The Demand for International Regimes.”
26. Strange , “Cave! hie dragones: dragones: A Critique of Regime Analysis,” International Organization 36 (Spring 1982).
27. Quandt, Saudi Arabia in the 1980's; Theodore Moran, Oil Prices and the Future of OPEC(Washington, D.C.: Resources for the Future, 1978), and especially his “Modeling OPEC Behavior: Economic and Political Alternatives,” International Organization 32 (Spring 1981).Singer S. Fred, “Bet on the Market,” Foreign Policy 45 (Winter 1981–1982).
28. Moran , “Modeling,” p. 264; “Bet on the Market,” passim; Quandt, Saudi Arabia, pp. 123–35.
29. Sergio Koreisha and Robert Stobaugh, “Limits to Models,” in Robert Stobaugh and Danial Yergin, eds., Energy Future (New York: Random, 1979).
30. Ole Holsti, “Foreign Policy Formation Viewed Cognitively,” in Robert Axelrod, ed., Structure of Decision (Princeton: Princeton University Press, 1976). See also Edward Mitchell, “Energy and Ideology,” for a study of this issue among legislators (Washington, D.C.: American Enterprise Institute, Reprint No. 77, 1977).
31. Henry Nau, “The Evolution of U.S. Foreign Policy in Energy: From Alliance Politics to Business as Usual,” in Robert Lawrence and Martin Heisler, ed., International Energy Policy (Lexington, Mass.: Lexington Books, 1980), pp. 37–38.
32. Leon Lindberg, Energy Syndrome. Robert Paarlberg does an excellent job of presenting alternate domestic and international explanations for change in another world market, in his “Three Political Explanations for Crisis in the World Grain Market,” in Avery and Rapkin, America in a Changing World Political Economy.
33. Paul Kemesis and Wilson Ernest J. III, The Decade of Energy Policy: Policy Analysis in Oil Importing Countries (New York: Praeger, 1984), chap. 7.
34. Linear projections continued even after the two OPEC shocks, both in the popular press and in more specialized arenas. Interesting counterpositions that discuss volatility include James Cook, “The Great Oil Swindle,” Forbes, 15 03 1982, pp. 99–108; Danial Yergin and the other authors in Global Insecurity anticipate further fluctuations. Hedging their bets on linear change are Leo Solomon and Webster L. Duvall, “Less Volatile Scenario for the 80's,” Geophysics (06 1982).
35. John Sawhill et al., Report of the Trilateral Energy Task Force to the Trilateral Commission, Managing the Transition (New York: 1978), px.
36. U.S. Central Intelligence Agency, The World Oil Market in the Years Ahead, 1979, p. 2.
37. Deagle et al., Energy in the 1980's.
38. Henry Kissinger, A Speech before the 6th special session of the UN General Assembly, Dept. of State, Bulletin, 6 05 1974, pp. 477–83.
39. Haefele W., “IIASA's World Regional Energy Modelling,” Futures 12 (02 1980), pp. 18–34.
40. Louis Turner, Oil Companies in the International System (London: Allen & Unwin, 1980), pp. 22–24.
41. For a balanced view, see Mohnfeld J., “Changing Patterns of Trade,” in Petroleum Economist (08 1980), pp. 329–32.
42. Richard Caves, “Industrial Organization, Corporate Stretegy and Structure,” Journal of Economic Literature 18 (03 1980), pp. 64–92.
43. See Kemezis and Wilson , Decade of Energy Policy, chap. 2. Brian Levy, “World Oil Marketing in Transition,” International Organization 36 (Winter 1982), pp. 113–33.
44. Wilson Ernest J. III, “The Petro-Political Cycle in World Oil Markets,” in Enders Richard L. and John Kim, eds., Energy Resource Development: Politics and Policies (Westport, Conn.: Greenwood Press, 1986).
45. By politicization I mean the increased salience of political criteria in actors' decision making in a market. Some political criteria are always present in important markets, but at some times, for strategic reasons, they rank higher in the decision hierarchy than at others. Politicization is especially likely in volatile markets for such economically central products as oil; governments are more likely to intervene to reduce uncertainty. The PPC discriminates between two forms of politicization—simple and complex. Simple politicization refers to one-time conflicts over market outcomes when political criteria become more important and usually involves an increased role for government, as in the use of the “oil weapon.” This parallels Keohane and Nye's distinction between structure and process level conflicts. See note 8 above. Although the purposes are usually strictly partisan, one-time simple politicization often reinforces preferred commercial gains—better terms on a barter deal, bargaining over a higher price, and so forth. Complex politicization is more far-reaching in its ambitions and impact. It occurs when there are sustained and powerful challenges to the basic rules and norms of a system. Here the struggle between the parties, for example, is not whether prices should be higher or lower, but over who should legitimately determine prices and in what ways. The PPC model predicts that successful politicization is more likely to occur at the peak of the business cycle than at the trough.
46. Morse Edward L., “The Petroleum Economy: A Rebirth of Liberalism?” SAIS Review 3 (Summer-Fall 1983), pp. 143–54.
47. Politicization in the pre-1970 cycles was perhaps somewhat less acute, in part because the conflicts occurred largely among the industrialized countries. A study explicitly contrasting past intra-Western oil conflicts with more recent North-South ones would be instructive.
48. I am grateful to Edward Morse for sharpening my focus on this point.
49. All three wrote in Foreign Policy 14 (Spring 1974): Stephen Krasner, “Oil Is the Exception,” Zuhayr Mikdashi, “Collusion Could Work,” and C. Fred Bergston's reply. It was his earlier piece in the same magazine which partially provoked the exchange.
50. Hugh Heclo, Modern Social Politics in Britain and Sweden (New Haven: Yale University Press), p. ix.
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