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DeezPump
Developing companies that have an abundance of oil resources appear to be cursed due to the abundance. They use the oil for themselves to push their growth and development forward yet are expected to use it in a smart way as well as share it with the rest of the world. They have two focuses, helping their country develop and grow and improving their economy by exporting the extra oil resources. As the countries continue to grow, their domestic demand for energy increases, which in turn decreases their export of natural resources (Bradshaw, 2014, p. 146). This in turn can ruin their political relationships with other countries, as they may not be able to meet the supply demands with the countries in which they have agreements. Their dilemma will eventually come to make the decision of supporting the growth and development of their countries of maintaining political relationships.
Foreign actors play a role in these decisions, as they are the ones buying or trading from these countries. Foreign actors have the chance of offering more money in order to get the resources from the developing countries or banding together to boycott those countries. Though the developing countries have the right to sell or keep the natural resources, they still need the financial income from the foreign actors in order to help support their growth. Foreign actors also play a part in the politics of these developing countries as they may encourage the countries to sell to them versus sell to others. They can develop political relationships that may include other foreign actors or exclude them. Oil majors are interesting as they can develop agreements where they receive the oil from the developing countries in order to sell it to the other countries, thus creating a dependence on them and forming a “middle man”.
Bradshaw, M. (2014). Global Energy Dilemmas: Energy Security, Globalization, and Climate Change. Cambridge, UK: Polity Press.
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