Oil Supply Crises: Cooperation and Discord in the West, by Vessela Chakarova, offers the most comprehensive, up-to-date analysis of consumer countries’ policies and reactions to oil supply shortages. In addition to being a valuable source of information on oil market dynamics, it provides a deep theoretical understanding of one of the most critical issues in international relations: inter-state cooperation. This volume employs a structured focused comparison to study European consumer countries’ cooperation in times of oil supply shortages. There have been fifteen such crises since the Second World War, three of which with dramatic consequences for the world economy. This analysis evaluates European cooperative efforts in seven of these cases, starting with the Abadan crisis in 1951. The cases are selected on the basis of their magnitude and economic impact. In particular, the study looks at intergovernmental negotiations within existing international bodies prior to, during, and...

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