Oil And World Power

A discussion of the economics and politics of the international oil industry.

Monograph on the role of the petroleum industry within the context of world international relations and economic development - covers the role of multinational enterprise, the geographic distribution of petroleum resources (incl. The role of USA petroleum exploitation in the Middle East and Latin America), the expansion of the industry in the USSR, principal exporting countries, energy policy in Western Europe and Japan, long term economic implications and trends (incl. In developing countries), etc. Bibliography pp. 167 to 170 and maps.

Examines the political, geographic, and economic aspects of the oil industry and evaluates the influence of events since 1973 on international relations.

The oil industry is the world’s largest commercial enterprise. Its extent is global; international issues are consistently influenced by considerations of oil production and consumption, while the international communications networks of the larger oil companies rival those of many nations. In this, the eighth edition of Oil and World Power, published in 1986, Peter Odell explains the complexities of this gigantic empire and its influence on the world. The far-reaching chapters discuss the U.S.A, the Soviet Union, O.P.E.C., Japan and the oil-consuming countries of the developing world. Evaluating the changing patterns of oil supply and the dramatic fall in oil prices in 1986, Odell proposes a number of forward-thinking conclusions surrounding the relationship between oil in global politics and economic development. This is an exceptionally interesting and relevant work, of great value to those with an interest in the oil industry, global power and international economic development.

In this, the eighth edition of Oil and World Power, published in 1986, Peter Odell explains the complexities of the gigantic oil empire and its influence on the world. This is an exceptionally interesting and relevant work, of great value to those with an interest in the oil industry, global power and international economic development.

"Auzanneau has created a towering telling of a dark and dangerous addiction.”—Nature In this sweeping, unabashed history of oil, Matthieu Auzanneau takes a fresh, thought-provoking look at the way oil interests have commandeered politics and economies, changed cultures, disrupted power balances across the globe, and spawned wars. He upends commonly held assumptions about key political and financial events of the past 150 years, and he sheds light on what our oil-constrained and eventually post-oil future might look like. Oil, Power, and War follows the oil industry from its heyday when the first oil wells were drilled to the quest for new sources as old ones dried up. It traces the rise of the Seven Sisters and other oil cartels and exposes oil’s key role in the crises that have shaped our times: two world wars, the Cold War, the Great Depression, Bretton Woods, the 2008 financial crash, oil shocks, wars in the Middle East, the race for Africa’s oil riches, and more. And it defines the oil-born trends shaping our current moment, such as the jockeying for access to Russia’s vast oil resources, the search for extreme substitutes for declining conventional oil, the rise of terrorism, and the changing nature of economic growth. We meet a long line of characters from John D. Rockefeller to Dick Cheney and Rex Tillerson, and hear lesser-known stories like how New York City taxes were once funneled directly to banks run by oil barons. We see how oil and power, once they became inextricably linked, drove actions of major figures like Churchill, Roosevelt, Stalin, Hitler, Kissinger, and the Bushes. We also learn the fascinating backstory sparked by lesser-known but key personalities such as Calouste Gulbenkian, Abdullah al-Tariki, and Marion King Hubbert, the once-silenced oil industry expert who warned his colleagues that oil production was facing its peak. Oil, Power, and War is a story of the dreams and hubris that spawned an era of economic chaos, climate change, war, and terrorism—as well as an eloquent framing from which to consider our options as our primary source of power, in many ways irreplaceable, grows ever more constrained. Oil, Power, and War was originally published in France as Or Noir. It was translated from the original French by John F. Reynolds and published in collaboration with the Post Carbon Institute. PCI generously funded the translation and helped bring the entire project to fruition, including the foreword by Richard Heinberg and a technical review.