My recent contribution for the Routledge Handbook of Oil Politics (2011, ed. Robert Looney pp. 348-360) titles Challenges in Global Oil Governance. The piece argues that challenges in oil governance relate to a significant shift in global demand trends in oil away from OECD towards Asian consumers, and a coinciding plateau in OECD oil production; to the resurgence of National Oil Companies in the global market, particularly originating from Asian consumer countries; and to spillovers from climate policies to the oil market. As a consequence, the market may be challenged with regards to the degree to which it is able efficiently and effectively to translate emerging trends into price signals and steer investment decisions. Crucial issues in this regard comprise uncertainty and a lack of transparency. Read more.