Evidence is provided of the effects of international diversification on global asset ownership and control. We show that international geographic diversification in the oil and gas sector comes at an important cost, lower control over foreign oilfield assets relative to domestic assets (and...

Acknowledgements -- Preface -- Introduction "post fata resurgo" : at the origins of modern finance -- Halcyon days -- Half measures -- The impact of oil -- Full measures -- Wuthering heights -- References