The linkage between investment cycles and the Rule of Law in the international oil and gas industry is examined by contrasting the asymmetry of specialist knowledge that prevailed during the last downturn twenty five years ago with the present. The academic project launched by the Houston Law Center at that time is taken as the marker for Good Practice at the time and its features are contrasted with a number of developments in the current energy transition. Among the many changes are a more sophisticated investment law regime. Its beneficial effects are however muted by the downturn in the investment cycle.
|Number of pages
|Houston Journal of International Law
|Published - 1 Aug 2016