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Title: A case study of a multinational oil company : Amoco in Trinidad.
Author: Wilde, Wilfred Michael.
ISNI:       0000 0001 3568 1721
Awarding Body: University of Sussex
Current Institution: University of Sussex
Date of Award: 1990
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This thesis examines the performance of one multinational oil company, Amoco, with reference to its impact on the economy of Trinidad and Tobago. The case study methodology is employed to place Amoco's operations in Trinidad in the dynamic context of competition within the world petroleum industry, and to assess the development problems and possibilities this presents for a small Caribbean econ9my. It sets out the super profits Amoco gained from Trinidad between 1973 - 1979, based on fieldwork research carried out in 1980. It shows how the surge in overseas crude production transformed Amoco's profitability. It also reveals that once the payback had been attained, Amoco's exploration and development effort in Trinidad declined. The nationalisation of Amoco would therefore provide a vital control over Trinidad's production and depletion policy. This is seen as a necessary, but not sufficient step forward for the people of Trinidad and Tobago to control their major natural resource. The oil resources generated new forms of state intervention as a further consequence of the government's development strategy. Amoco as the major supplier of natural gas was also the key to the energy intensive industrialisation projects, particularly in fertilisers, which were liable to reap it considerable benefit. The thesis emphasises the contradictions of the oil boom with the massive subsidies given to private consumption, particularly of petroleum. It concludes that the major opponent to control by multinational companies has been the Oilfield Workers Trade Union. The Union has had a tradition of militancy since its inception in the late 1930s, with the ability to mobilise in the 1970s both across the ethnic divide and outside of the oil sector. The democratic basis of the Union is the surest hope that a nationalisation of Amoco would not degenerate into bureaucracy.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Economics & economic theory