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The Political Economy of Pipelines
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The Political Economy of Pipelines: A Century of Comparative Institutional Development

Jeff D. Makholm

Abstract

With global demand for energy poised to increase by more than half in the next three decades, the supply of safe, reliable, and reasonably priced gas and oil will continue to be of fundamental importance to modern economies. Central to this supply are the pipelines that transport this energy. And while the fundamental economics of the major pipeline networks are the same, the differences in their ownership, commercial development, and operation can provide insight into the workings of market institutions in various nations. Drawing on a century of the world's experience with gas and oil pipeli ... More

Keywords: oil demand, pipeline ownership, pipeline development, pipeline operation, pipeline politics, economic regulation, rents, consumer pricing, markets, government ownership

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780226502106
Published to Chicago Scholarship Online: March 2013 DOI:10.7208/chicago/9780226502120.001.0001

Authors

Affiliations are at time of print publication.

Jeff D. Makholm, author