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Caught in transition: Britain's oil policy in the face of impending crisis, 1967-1973

Gefangen im Übergang: die britische Ölpolitik im Angesicht der drohenden Krise 1967-1973
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Kuiken, Jonathan

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Abstract This paper examines the challenges faced by British policy makers in years preceding the 1973 oil crisis. Despite an acute appreciation of the impending changes to the structure of the international oil industry, British officials were unable to formulate new policies to mitigate the impact of this changing situation. The inability or unwillingness of policy makers to act stemmed from three interconnected factors: the Government’s desire to transition away from its reliance on its two domestically-based oil companies, BP and Shell, for oil policy information and advice, Government confusion over how best to utilize the newfound resources of the North Sea, and a lack of clear lines of authority within the Government regarding oil policy decision-making.
Keywords crude oil; crisis; energy supply; energy policy; Great Britain; North Sea; OPEC; international cooperation; Europe; United States of America
Classification Social History, Historical Social Research; Special areas of Departmental Policy
Free Keywords 1973 oil crisis
Document language English
Publication Year 2014
Page/Pages p. 272-291
Journal Historical Social Research, 39 (2014) 4
Issue topic The energy crises of the 1970s
ISSN 0172-6404
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works