Political risk in the international oil and gas industry

Book · Sun Jan 01 04:00:00 EST 1984

OSTI ID:5060124

Lax, H

A review of Lax's book on the political risks inherent in natural gas and oil trade for governments and investors agrees with the author's definition of risk as unanticipated change in the business environment. With political risk management a new field which encompasses both art and science, a firm needs to select a strategy most appropriate it its own situation. The reviewer faults Lax for not providing insights into political risks that are unique to oil and gas ventures. The author also faults Lax's cynical perspective on the role of economics as a determinant of behavior in investment matters and his tone that oil companies and host governments, particularly in developing countries, are still locked into an adversarial relationship.

• OSTI ID: 5060124
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
CONTRACTS
ECONOMICS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDUSTRY
INSTITUTIONAL FACTORS
INVESTMENT
MANAGEMENT
NATURAL GAS
NATURAL GAS INDUSTRY
PETROLEUM
PETROLEUM INDUSTRY
POLITICAL ASPECTS
RISK ASSESSMENT
TRADE