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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
[journal article]
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 ... view more
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.... view less
Keywords
international cooperation; crude oil; OPEC; Europe; energy policy; energy supply; crisis; Great Britain; North Sea; United States of America
Classification
Special areas of Departmental Policy
Social History, Historical Social Research
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
DOI
https://doi.org/10.12759/hsr.39.2014.4.272-290
ISSN
0172-6404
Status
Published Version; peer reviewed