Toward Third World oil independence

Journal Article · Thu May 01 04:00:00 EDT 1980 · Multinatl. Monit.; (United States)

OSTI ID:6730816

Tanzer, M

This is an interview with Michael Tanzer, an oil economist and independent consultant on petroleum production and economic development. Mr. Tanzer discussed the role of non-OPEC developing countries in the world oil industry. In most of the developing countries there is a serious lack of capital for drilling and exploration. Multinational corporations not only have tremendous overall assets and capital but have created a mystique that they alone have the technology to explore and drill for oil. A holdover from the days of colonialism when knowledge of industry was kept outside these countries, oil companies have consciously resisted training people from Third World countries into higher-level jobs, according to Mr. Tanzer. Another deterrent to national petroleum development is pressure from international organizations, particularly the World Bank and International Monetary Fund. Their policies in the past have been not to fund energy development in the developing countries. Unfortunately too, as part of the whole picture, there are corrupt ruling groups in Third World countries that can be bought by the oil companies, whether explicitly or implicitly. (SAC)

• OSTI ID: 6730816
• Journal Information: Multinatl. Monit.; (United States), Journal Name: Multinatl. Monit.; (United States) Vol. 1:4; ISSN MUMOD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290500 -- Energy Planning & Policy-- Research
Development
Demonstration
& Commercialization
294002* -- Energy Planning & Policy-- Petroleum
CAPITAL
COOPERATION
DEVELOPING COUNTRIES
ECONOMICS
ENERGY SOURCES
EXPLOITATION
EXPLORATION
FOSSIL FUELS
FUELS
INDUSTRY
INSTITUTIONAL FACTORS
INTERNATIONAL COOPERATION
MULTINATIONAL ENTERPRISES
PETROLEUM
PETROLEUM INDUSTRY
RESOURCE DEVELOPMENT
SOCIO-ECONOMIC FACTORS