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This book is a contribution to the history of a vital stage of
UK technical and economic development, perhaps the most important
since the Second World War. It shows, from an industrial viewpoint,
how the British handled the exploitation of their most significant
natural resource gain of the 20th century. Notwithstanding the
nearly 30 years of government support through the Offshore Supplies
Office, the UK has not reaped the full benefit of the North Sea
discoveries; this book attempts to explain why. It will assist
governments and industries faced with future instances of
unforeseen, specialist and large-scale new demand to manage their
reactions more effectively. It also throws light on how governments
can pursue strategic industrial objectives while leaving market
mechanisms to function with minimal interference, something some
administrations - perhaps even the British - may wish to do now or
in the future.
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