VOL. XLIII
No. 13
27-March-2000
OPEC
Vertical Integration And The International Oil Industry: A Conceptual Error
by Paul Stevens
The following article is by Professor Paul Stevens of the Centre for Energy, Petroleum and Mineral Law and Policy, University of Dundee, Scotland. Email: <p.j.stevens@dundee.ac.uk>
The vertical integration of the international oil companies has long been a subject of interest to economists. More recently, interest in the issue has been revived as the result of two...
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