Globalizing Oil

'Llewelyn Hughes has written a brilliant book about the transformation of the world's energy markets. In Globalizing Oil, Hughes demonstrates that the interplay of governments and firms in the global market for oil requires an understanding of both politics and strategy. With extraordinary research and compelling argument, Hughes' book provides insight into both.' Rawi E. Abdelal, Herbert F. Johnson Professor of International Management, Harvard Business School 'Globalizing Oil is an invaluable contribution to the literature on global governance of the petroleum industry. Not since Louis Turner's Oil Companies and the International System has such a monumental study been produced with the clarity and foresight on this vital issue. [Hughes'] comparative approach goes a long way in explaining critical domestic and foreign policy energy policy nuances that continue to influence the oil market to this day. A true tour de force!' Charles Ebinger, Senior Fellow and Director, Energy Security Initiative, The Brookings Institution, Washington DC 'Despite the tremendous importance of oil for advanced economies, we know little behind the politics that led to the liberalization of domestic markets. Hughes' ambitious and insightful analysis fills this gap. For anybody interested in understanding how business power and government choices mutually shape each other over time, his book will be a required reading.' Cornelia Woll, Sciences Po Paris