Resource nationalism in oil-importing states appears on the rise. Oil price volatility underpinned by demand growth has led China, India and others to increase state support for national-flag firms in order to increase the state’s energy self-sufficiency. Both Chinese and Indian National Oil Companies (NOCs) have made energy investments worldwide, including in Sudan and Iran. Long-standing oil importers such as the United States and Japan have reenergized policies designed to increase domestic production of crude and crude substitutes, or have subsidized national-flag firms, in the name of energy independence.
Revised: August 27, 2010 |
Published: July 26, 2010
Citation
Hughes L., and S.J. Kreyling. 2010.Understanding Resource Nationalism in the 21st Century.Journal of Energy Security.PNNL-SA-73549.