The Role of Arbitration in the Globalisation of Energy Markets
Article from: OGEL Archive issue , in International Oil, Gas & Energy Dispute Management
Introduction
This book considers the changing nature of the energy industries and the role of arbitration. Looking particularly at the period 1969 to 2000, the author observes a dramatic and still on-going change. The period is laced with two major oil supply crises (1973-1981), several wars with a significant impact on the industry (1973 Arab-Israeli war; the war in the 1980s between Iran and Iraq; the 1991 Gulf War) and great price volatility in particular in oil, with industry mood and industry economic impact shifting repeatedly between exuberance and depression. New "paradigms", ...