In contrast with current thinking that conglomerates are inefficient, this article begins by presenting arguments in favor of the size and structure of the large integrated oil companies, also known as "the supermajors." Among the advantages are tax efficiency, information flow, political and...

This study is divided into four sections. The first section deals with the issues and definitions that relate to the meaning of security of supply. The following three sections deal in turn with the risks to future supply for oil, coal and uranium. The analysis has examined the impact that...

In examining the prospects for oil and gas supply from the GCC countries, we draw on the evidence that the supply of oil and gas from the region has been relatively reliable, notwithstanding the region’s perceived political instability. The approach taken here starts from this empirical...