Download Crude Power: Politics and the Oil Market by Oystein Noreng PDF

By Oystein Noreng

ISBN-10: 1845110234

ISBN-13: 9781845110239

Within the present political weather of the center East and vital Asia, with anti-Americanism and the specter of terrorism in such international locations as Saudi Arabia operating excessive, oil will effect the realm economic climate in addition to hundreds of thousands of lives sooner or later. this can be an vital ebook for someone involved in the destiny of the area this present day, specifically the interaction of strength and funds within the heart East and past.

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Example text

Evcn if US private businesses profit from manufacturing in China, the risc of China has been the target of hefty criticism from US politicians concerned about the loss of jobs and about foreign purchases of strategic assets such as oil companies. The complaints are briefly that China takes manufacturing jobs from the United States and that China's export performance is based on an artificially low exchange rate. China's accumulation of US dollars is seen as a security risk, because financial resources permit China to challenge US interests throughout the world and to buy US firms.

4 Rising Western dependence on Middle Eastern oil since the 1960s has not been matched by an effort to stabilize the region politically. Although the United States is increasingly dependent on oil imports and on the Middle East supplying the world market with volumes sufficient to stabilize prices, there has, so far, been little interest in or insight into Middle Eastern affairs. The wisdom of gving unquestioning support to corrupt and authoritarian regimes because they export oil is not obvious.

Com 1 lerfried Xliinklcr, Dtr neue Gofkriq (Rcinbck hci I lamburg: liowohlt Trcrlag, 2003), p 9. es l'ttats-Unit; testent une nouvelle doctrine en Irali', in JcanChristophe l'locluin (cd), Iruk: le Moyetz-Orierrt soxr le choc (Paris: L'IIarmattan, 2003), p p 7-14. The ATutionu/S P L I I Sfrute~,~ ~ ~ ! ~ oj" the U~iifedStates gAmerica (Washington IIC: 'She White I Iousc, 2002), p ii. l 7 The Nafiot~u/Energ 1 ' 0 4 (Washington D(:: 'l'hc \mite IIousc, 2002), p 14. ' 'l'arcller/l'engui~~, 1005), p 131.

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Crude Power: Politics and the Oil Market by Oystein Noreng


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