Tag: Landlord States

  • Oil Prices and Fiscal Regimes

    By: B. Mommer

    Fiscal regimes in oil deal essentially with the upstream, that is exploration and production, They may, or may not, be defmed in a single law. More often than not, the components of fiscal regimes in oil are actually found dispersed in different laws and rulings, and their beneficiaries may include municipalities, provincial administration and the […]

  • The Political Role of National Oil Companies in Exporting Countries: The Venezuelan Case

    By: B. Mommer

    This paper starts by defining the political role of mining companies in terms of the landlordtenant relationship in a modern economy. We shall then examine the role played by international oil companies in the oil exporting countries of the Third World, thus addressing the question of why they were nationalized. This will be followed by […]