International Oil: The Scandinavian Dimension

Jerome D. Davis

The ANNALS of the American Academy of Political and Social Science, 1990, vol. 512, issue 1, 79-87

Abstract: The recurrent energy crises of the past 17 years and the not unrelated rapid development of North Sea oil and gas reserves have had an impact on all the Scandinavian countries, both those with offshore interests and those without. Yet despite calls for Nordic cooperation in this field, such cooperation is virtually nonexistent. It is argued here that this failure is due to the nature of the international oil and gas regime. The analysis is based on four arguments: (1) there is an international oil and gas regime; (2) the dynamics of this regime do not necessarily further intergovernmental cooperation; (3) the current moribund status of Scandinavian cooperation can be ascribed to the nature of this regime; and (4) while the future is uncertain, there is little basis for hope that cooperative institutions can be designed to conform to the diverse expectations of the states involved.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:512:y:1990:i:1:p:79-87

DOI: 10.1177/0002716290512001008

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