Investigates the complex relationship that Alaska has with its most precious commodity - oil - and with the corporations that bring that oil to market. This book explores the dynamic balance between the power of a subnational government and the ability of Big Oil to develop energy resources, affect the state economy, and influence state policies.
Paul Sabin offers a study of the oil market in California before World War II, showing how the development of an economy & society very heavily dependent upon oil production & consumption was largely directed by policy decisions regarding property rights, regulatory law & public investment.
Politics in Alaska have changed significantly since the last major book on the subject was published more than twenty years ago, with the rise and fall of Sarah Palin and the rise and fall of oil prices being but two of the many developments to alter the political landscape. This book, the most comprehensive on the subject to date, focuses on the question of how beliefs, institutions, personalities, and power interact to shape Alaska politics and public policy. Drawing on these interactions, the contributors explain how and why certain issues get dealt with successfully and others unsuccessfully, and why some issues are taken up quickly while others are not addressed at all. This comprehensive guide to the political climate of Alaska will be essential to anyone studying the politics of America’s largest—and in some ways most unusual—state.
Presents a history of the Alaskan oil industry, revealing political corruption, the FBI's investigation, and how these events will influence American politics.
Does Alaska's reliance on oil and gas mean that it inevitably will be controlled by corporate energy interests? Or can the state use its vast resource holdings to manage a more symmetrical partnership? The Political Economy of Oil in Alaska investigates the complex relationship Alaska has with its most precious commodity. Offering a new perspective on the challenges of oil-dependent development, the authors explore the dynamic balance between the power of a subnational government--as the owner of resources, possessor of fiscal authority, and regulator of safety and environmental conditions--and the ability of Big Oil to develop energy resources, affect the state economy, and influence state policies. The result is a comprehensive study of an often contentious alliance.
"Nothing has changed Alaska as swiftly or as traumatically as the discovery of oil. In Extreme Conditions: Big Oil and the Transformation of Alaska, Pulitzer Prize-winner John Strohmeyer writes a riveting account of how it all happened. From the icy North waters, Strohmeyer takes the reader to the inside world of post-oil Alaska and shows what tumultuous changes--for good and bad--this gusher of money and influx of people have had upon America's last great frontier. The enduring relevance of this work makes it indispensable reading in understanding the current tensions among environmentalists, businesses, and Natives that characterize Alaska today."--Back Cover.
This book aims to foster a better understanding of the particular challenges faced by resource-dependent countries or jurisdictions in managing their resource revenues through natural resource funds (NRFs). It explores the varieties of natural resource management strategies as dictated primarily by domestic politics, and how the potential negative distributional consequences of resource wealth management (the resource curse) may add political dimensions and potential conflicts to decisions about NRFs in ways that other sovereign wealth funds (SWFs) do not experience. By bridging the existing academic and practical knowledge gap arising from the limited attention given to the domestic politics of NRFs and state-society relations, this edited book is a valuable resource for academics, policymakers, and civil society actors in resource-driven economies and especially those interested in learning from comparative experiences of natural resource wealth management through NRFs.
Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
"Oil is a fairy tale, and, like every fairy tale, is a bit of a lie."—Ryzard Kapuscinski, Shah of Shahs The scale and reach of the global oil and gas industry, valued at several trillions of dollars, is almost impossible to grasp. Despite its vast technical expertise and scientific sophistication, the industry betrays a startling degree of inexactitude and empirical disagreement about foundational questions of quantity, output, and price. As an industry typified by concentrated economic and political power, its operations are obscured by secrecy and security. Perhaps it is not surprising, then, that the social sciences typically approach oil as a metonym—of modernity, money, geopolitics, violence, corruption, curse, ur-commodity—rather than considering the daily life of the industry itself and of the hydrocarbons around which it is built. Subterranean Estates gathers an interdisciplinary group of scholars and experts to instead provide a critical topography of the hydrocarbon industry, understood not solely as an assemblage of corporate forms but rather as an expansive and porous network of laborers and technologies, representation and expertise, and the ways of life oil and gas produce at points of extraction, production, marketing, consumption, and combustion. By accounting for oil as empirical and experiential, the contributors begin to demystify a commodity too often given almost demiurgic power. Subterranean Estates shifts critical attention away from an exclusive focus on global oil firms toward often overlooked aspects of the industry, including insurance, finance, law, and the role of consultants and community organizations. Based on ethnographic research from around the world (Equatorial Guinea, Nigeria, Oman, the United States, Ecuador, Chad, the United Kingdom, Kazakhstan, Canada, Iran, and Russia), and featuring a photoessay on the lived experiences of those who inhabit a universe populated by oil rigs, pipelines, and gas flares, this innovative volume provides a new perspective on the material, symbolic, cultural, and social meanings of this multidimensional world.