Should the United States ask its military to guarantee the flow of oil from the Persian Gulf? If the US security commitment is in fact strategically sound, what posture should the military adopt to protect Persian Gulf oil? Charles L. Glaser and Rosemary A. Kelanic present a collection of new essays from a multidisciplinary team of political scientists, historians, and economists that provide answers to these questions. Contributors delve into a range of vital economic and security issues: the economic costs of a petroleum supply disruption, whether or not an American withdrawal increases the chances of oil-related turmoil, the internal stability of Saudi Arabia, budgetary costs of the forward deployment of US forces, and the possibility of blunting the effects of disruptions with investment in alternative energy resources. The result is a series of bold arguments toward a much-needed revision of US policy toward the Persian Gulf during an era of profound change in oil markets and the balance of power in the Middle East.

In this book, the author reflects major stages in the principal history of oil from the beginning of World War II to 1981. He focuses on the significance of critical aspects of petroleum logistics and presents the strategic dimensions of oil.

Many people in the world today believe Bush's war against Saddam Hussein is only about oil. Iraq has the second biggest petroleum reserves in the Middle East, and America's relations with its prime supplier Saudi Arabia have turned sour in the wake of 9/11. Invading Iraq, so many argue, is merely colonising an oil field. Oil has transformed the world and remains the most important resource of our age. It has made the wealth of millions of people - from Venezuela to Norway via the Persian Gulf - and holds their futures in its fortunes. The Middle East is the earth's greatest petroleum depot. It is also the most explosive region in the world today. Now more than ever, with the global economy under severe threat, oil is of prime geopolitical concern. Crude Power provides a comprehensive analysis both of the world's dependency on Middle Eastern oil, and of the very dangerous way politics and economics play themselves out in the oil game - as producers and consumers tug at each others' interests. It is a tug of war: Oystein Noreng explains what all concerned are fighting for. Placing OPEC (the Organisation of Petroleum Exporting Countries) into its wider world context, he examines in detail how shifting oil prices affect everything from international trade balances to inflation rates. In the current political climate of the Middle East and Central Asia, with anti-Americanism and the threat of terrorism in such countries as Saudi Arabia running high, oil holds the future of the world economy as well as thousands of lives in its hands. Crude Power is an indispensable book for anyone concerned with the fate of the world today, and that most important of issues: the interplay of power and money in the Middle East and beyond.

This book is an incisive query into the origins, implications and opportunities that China’s Belt and Road Initiative creates for stakeholders in Asia and the Arab World. It emphasises the role of cutting-edge technology in boosting collaboration in the fields of politics, economics, business, and culture across regions, countries and continents.

An argument that America's addiction to crude oil has driven a foreign policy of intervention and exploitation hidden behind a facade of liberal internationalism. The United States is addicted to crude oil. In this book, Andrew Price-Smith argues that this addiction has distorted the conduct of American foreign policy in profound and malign ways, resulting in interventionism, exploitation, and other illiberal behaviors that hide behind a facade of liberal internationalism. The symbiotic relationship between the state and the oil industry has produced deviations from rational foreign energy policy, including interventions in Iraq and elsewhere that have been (at the very least) counterproductive or (at worst) completely antithetical to national interests. Liberal internationalism casts the United States as a benign hegemon, guaranteeing security to its allies during the Cold War and helping to establish collaborative international institutions. Price-Smith argues for a reformulation of liberal internationalism (which he terms shadow liberalism) that takes into account the dark side of American foreign policy. Price-Smith contends that the “free market” in international oil is largely a myth, rendered problematic by energy statism and the rise of national oil companies. He illustrates the destabilizing effect of oil in the Persian Gulf, and describes the United States' grand energy strategy, particularly in the Persian Gulf, as illiberal at its core, focused on the projection of power and on periodic bouts of violence. Washington's perennial oscillation between liberal phases of institution building and provision of public goods and illiberal bellicosity, Price-Smith argues, represents the shadow liberalism that is at the core of US foreign policy.

A definitive account of the issues and misunderstandings in Africa's oil and gas game.

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