This chapter will specifically cover the institutions surrounding the oil price and resource economics. The objective is to distance the approach taken from the resource determinism which characterizes most of the mainstream literature on the political economy of energy. The theoretical overview...

Oil markets, technologies, and policies constantly evolve at different times and places. Also, processes surrounding oil, the energy transitions and inter-fuel competition are related to the nature of the interaction between monopolies, states and the free-market and that these are not linked in...