Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


January 15, 2013

Resource nationalism constrained by risk of developing new oil and gas deposits

in the news: Reuters on January 15, 2013

A Reuters article cites work by PESD researchers Peter Nolan and Mark Thurber that explains why hydrocarbon-rich nations still need foreign companies to develop frontier resources like oil and gas from shales or in the deep offshore. While governments may successfully employ national oil companies in mature petroleum provinces, private companies are usually better at managing the high risks of frontier activities.