The Program on Energy and Sustainable Development is part of the Freeman Spogli Institute for International Studies.
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...