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Offshore Petroleum Politics: A Changing Frontier in a Global System
Peter Clancy
Abstract
Off-shore oil and gas development is often thought of as a classic mature staple sector, where hydrocarbons are extracted from a remote and physically challenging hinterland, by highly capitalised enterprise, to realise profit from sale and consumption in distant markets. There are, however, reasons to look more closely at this political economy of the offshore domain, particularly from the perspective of Hutton’s post-staples hypothesis. To begin, offshore oil and gas is a relative late-arrival to the staple trade. This means that its regulatory regimes have been infused with social policy concerns that were not present in the formative eras of terrestrial petroleum. Other features arise from the “offshore” location, where a thrust toward integrated oceans policy has emerged in recent decades and threatens to erode the sectoral autonomy of the petroleum domain. Offshore oil and gas developments are one of the new “unconventional” energy sources which have emerged in Canada over the last two decades as oil prices have risen and conventional domestic sources declined.
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From Black Gold to Blue Gold: Lessons from the Petroleum Trade Regime for an Emerging Water Trade and Investment Regime
John McDougall
Abstract
Water resources in Canada are “potential” or “quasi-staples”. That is, the exploitation of water resources has featured many of the aspects of a staples industry such as their large-scale, technologically influenced, rural-based, bulk-commodity characteristics, but lack others, especially a traditional staples export orientation. However, this situation is changing. In the electricity case, deregulation in both Canada and the US markets has resulted in the emergence of a new production regime in Canada, one that is approaching a typical “mature” staples industry, albeit with the new environmental regulations and conditions for participation of a much broader spectrum of “stakeholders” which bears some resemblance to a “post-staples” model. The same is true of water resources as a whole where, for almost two decades, one of the most controversial concerns raised by Canadian opponents of free trade with the United States was that it would lead to the large scale export of water from Canada. Should this come to pass, this commodity would become a “staple” and the water industry which would emerge in Canada would move from “potential” to “actual”.
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