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Oil, Illiberalism, and WarAn Analysis of Energy and US Foreign Policy$
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Andrew T. Price-Smith

Print publication date: 2015

Print ISBN-13: 9780262029063

Published to MIT Press Scholarship Online: January 2017

DOI: 10.7551/mitpress/9780262029063.001.0001

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Oil, American Diplomacy, and Weak Institutions

Oil, American Diplomacy, and Weak Institutions

Chapter:
(p.49) 3 Oil, American Diplomacy, and Weak Institutions
Source:
Oil, Illiberalism, and War
Author(s):

Andrew T. Price-Smith

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262029063.003.0003

Price-Smith argues that current international energy governance, particularly its long-standing institutions (e.g., the International Energy Agency), are largely an extension of American power. Even as international institutions directly reflect American power and security interests, and provide a secondary goal of global economic and political stabilization, these very institutions appear to be increasingly sclerotic and dysfunctional. He argues that global energy institutions and regimes dealing with crude oil exist, but that they are extremely weak and often quite ineffectual. Thus, institutions such as OPEC and the IEA exhibit considerable “stickiness,” but unfortunately these institutions have been very feeble for several decades, and the latter excludes China and India, making global energy governance problematic at best.

Keywords:   Global Governance, OPEC, IEA, International Energy Agency, International Regimes

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