Prospecting the academic grounds on global energies patterns
As quoted on the page The Seven Sisters the weights of energy companies in our Western hydrocarbon-based economies is far from negligible. Following the price surge of the early 2000s they made in profits the equivalent of the Chinese 2009 GNP. And we are here only talking about the IOCs, the supermajors historically dominant but recently economically threaten by the rise of the NOCs known as the New Seven Sisters.
How and how much do those companies weight on global energies policies issues, on investment plans, on resources allocations?
In a following post we will try to document the investment in renewables energies made by those oil and gas giants- do they prefer to buy smaller companies in this field rather than investing in RD? Which incentive do they have in developing alternative energies? Would they be better off selling their oil at increasing prices to amortize their already made investment (We have seen that the specificity – with respect to other industries where the amortized capital is still valuable- of the oil/gas sector was that the capital invested for extraction and transportation is worthless once the field is empty) ?
Spheres of influence
In the article alternative energies we already question the potential influence of the most profitable French firm in shaping the French energy policies, further researches would be needed to understand this influence. For the US, the power of those firms is slightly more transparent. In particular, it can be noticed that ExxonMobil and Chevron support strongly the Republicans. (click on the link to see their observed contributions)