Venezuela

Scholarly Publications

Oil and Governance: State-owned Enterprises and the World Energy Supply

January 2012

National oil companies (NOCs) produce most of the world’s oil and natural gas and bankroll governments across the globe.

Exporting the 'Norwegian Model': The effect of administrative design on oil sector performance

June 2011

AbstractNorway has administered its petroleum resources using three distinct government bodies: a national oil company engaged in commercial hydrocarbon operations; a government ministry to direct...

The Limits of Institutional Design in Oil Sector Governance: Exporting the Norwegian Model

February 2010

Norway has made a point of administering its petroleum resources using three distinct government bodies: a national oil company (NOC) engaged in commercial hydrocarbon operations; a government...

News

David Hults, PESD Research Fellow, Speaks on Latin American Oil Companies

November 2008

David Hults addressed the Center for Latin American Studies at Stanford where he discussed energy policy for three Latin American countries, Brazil, Mexico, and Venezuela-- within the context of a...

Why the peak oil debate misses the point in an NOC-dominated world

September 2008

As oil prices surge through $140/barrel at the time of writing, surely one can at least count on the invisible hand of the market to drive further exploration and production and ultimately bring...

Victor Pulls Back the Curtain; OPEC is No Wizard of the Oil Markets

August 2008

In a climate of extremely volatile energy prices, OPEC is taking directions from the market, not calling the shots. David G.

Old Events

National Oil Companies and the World Oil Market: Should We Be Worried?

February 7, 2012

State-owned oil and natural gas companies, such as Saudi Aramco, Petróleos de Venezuela and China National Petroleum Corp., own 73 percent of the world's oil reserves and 68 percent of its natural...