Ever since the 1970s, a small number of national oil companies (NOCs) have dominated the world supply of oil and other hydrocarbons. Despite the huge influence that NOCs have on political economy, systematic scholarship remains surprisingly thin. I examine the factors that explain the wide...

Front Cover -- Contents -- Foreword -- Acknowledgments -- About the Authors -- Abbreviations -- Chapter 1 Introduction -- Overview -- Why Reform? -- What Is Subsidy Reform? -- Analytical Framework -- A Political Economy Analysis of the Onset, Evolution, and Reform of Subsidy Regimes -- Case...