The World Energy Conference will be held in Munich in mid-September. It will have to deal with diverse and complex problems of energy policy, for the seventies have presented tremendous challenges in the energy field. The control over oil-with 46% of the world supply still by far the most...

The economic implications of the latest upsurge of the oil prices for the whole world-and for the developing countries in particular-are such as to make a strategy of common responsibility of industrialized and developing countries more urgent than ever. Rainer Offergeld, Federal Minister for...

This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated firms respond to this increase in uncertainty by...