Oil Policies, Oil Myths


Book Description

leading to the Iraq-Iran war. --




The Oil Wars Myth


Book Description

Do countries fight wars for oil? Given the resource's exceptional military and economic importance, most people assume that states will do anything to obtain it. Challenging this conventional wisdom, The Oil Wars Myth reveals that countries do not launch major conflicts to acquire petroleum resources. Emily Meierding argues that the costs of foreign invasion, territorial occupation, international retaliation, and damage to oil company relations deter even the most powerful countries from initiating "classic oil wars." Examining a century of interstate violence, she demonstrates that, at most, countries have engaged in mild sparring to advance their petroleum ambitions. The Oil Wars Myth elaborates on these findings by reassessing the presumed oil motives for many of the twentieth century's most prominent international conflicts: World War II, the two American Gulf wars, the Iran–Iraq War, the Falklands/Malvinas War, and the Chaco War. These case studies show that countries have consistently refrained from fighting for oil. Meierding also explains why oil war assumptions are so common, despite the lack of supporting evidence. Since classic oil wars exist at the intersection of need and greed—two popular explanations for resource grabs—they are unusually easy to believe in. The Oil Wars Myth will engage and inform anyone interested in oil, war, and the narratives that connect them.




Oilcraft


Book Description

“A valuable addition to the new wave of critical studies on the history of oil and energy policy”—and a bracing corrective to longstanding myths (James M. Gustafson, Diplomatic History). Conventional wisdom tells us that the US military presence in the Persian Gulf is what guarantees American access to oil; that the “special” relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; and that these assumptions in turn provide Washington enormous leverage over Europe and Asia. But the conventional wisdom is wrong. Robert Vitalis debunks the myths of “oilcraft”, a line of magical thinking closer to witchcraft than statecraft. Oil is a commodity like any other: bought, sold, and subject to market forces. Vitalis exposes the suspect fears of oil scarcity and investigates the geopolitical impact of these false beliefs. In particular, Vitalis shows how we can reconsider the question of the US-Saudi special relationship, which confuses and traps many into unnecessarily accepting what they imagine is a devil’s bargain. Freeing ourselves from the spell of oilcraft won’t be easy, but the benefits make it essential.




Oil Policies, Oil Myths


Book Description

The Organisation of Petroleum Exporting Countries, commonly known as OPEC, has been a notoriously opaque and mysterious organization. In this book, Fadil J. Chalabi, an insider who spent many years at the heart of the organization as Iraq's permanent undersecretary for oil, invites us to discover the intrigue and arguments that have shaped OPEC policy since its inception in 1960. The author interweaves his analysis with first-hand experiences that give authenticity to momentous events, including the infamous 1975 Vienna hostage-taking when Carlos the Jackal kidnapped a number of OPEC ministers, including the author. From the time of Egypt under Nasser, Gaddafi's Libya, Saddam's Iraq and Khomeini's Iranian revolution, Chalabi uses his unique position and his unparallelled insider knowledge to illuminate an organization that has, at times, been accused of fomenting economic turmoil, political unrest and even military action. Benefiting from the perspective of an insider who understands the inner workings of OPEC and its dramatic impact on world politics and economics, this book is an essential read for those who wish to look beyond the myths of this highly influential and at times controversial organization.




Crude Volatility


Book Description

As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.




Oil on the Brain


Book Description

Oil on the Brain is a smart, surprisingly funny account of the oil industry—the people, economies, and pipelines that bring us petroleum, brilliantly illuminating a world we encounter every day. Americans buy ten thousand gallons of gasoline a second, without giving it much of a thought. Where does all this gas come from? Lisa Margonelli’s desire to learn took her on a one-hundred thousand mile journey from her local gas station to oil fields half a world away. In search of the truth behind the myths, she wriggled her way into some of the most off-limits places on earth: the Strategic Petroleum Reserve, the New York Mercantile Exchange’s crude oil market, oil fields from Venezuela, to Texas, to Chad, and even an Iranian oil platform where the United States fought a forgotten one-day battle. In a story by turns surreal and alarming, Margonelli meets lonely workers on a Texas drilling rig, an oil analyst who almost gave birth on the NYMEX trading floor, Chadian villagers who are said to wander the oil fields in the guise of lions, a Nigerian warlord who changed the world price of oil with a single cell phone call, and Shanghai bureaucrats who dream of creating a new Detroit. Deftly piecing together the mammoth economy of oil, Margonelli finds a series of stark warning signs for American drivers.




Sound Truth and Corporate Myth$


Book Description

Dr. Riki Ott exposes the profound legacy of the Exxon Valdez oil spill and how readers can help reshape our global energy future. The author chronicles the long-lasting environmental harm to Prince William Sound, Alaska, and investigates the health problems suffered by many cleanup workers. Exxon's spill provided a portal to understanding a startling truth: oil is much more toxic than we previously thought. Sound Truth and Corporate Myth$ frames the larger story of discovery of the truly toxic nature of oil. This book shows how one particular fraction of crude oil, polycyclic aromatic hydrocarbons or PAHs, may well be the new DDT of the 21st century. In 1999, the U.S. Environmental Protection Agency listed 22 PAHs in crude oil as "persistent, bioaccumulative, and toxic (PBT) pollutants." Sharing this list of extreme human health hazards are the more commonly known pollutants--mercury, lead, dioxin, PCBs, and DDT. The latter are all highly regulated chemicals and some, such as DDT and PCBs, have been banned in the United States. Sound Truth and Corporate Myth$ traces 15 years of lingering harm to humans and wildlife from the Exxon Valdez oil spill. It reveals how corporate greed, government short-sightedness, and manipulation of the truth and the media have kept the public from learning the deadly nature of PAHs. The author provides relevant information and practical recommendations for people and policy-makers at this critical juncture in the history of civilization. This book will inspire people to reduce their own consumption of fossil fuels and, in so doing, help permanently shift society to a clean energy future.




Beyond the Age of Oil


Book Description

The author puts forward a hard-headed, concrete plan in simple everyday language for how to shift the world economy's primary energy dependence from fossil fuels to renewable energies by 2035. Assuming no specialized knowledge, the author walks the reader chapter by chapter through each of the fossil fuels (oil, coal, and natural gas) and each of the alternative energy sources (nuclear, hydroelectric, biofuel, wind, solar, geothermal, and hydrogen).




The Price of Oil


Book Description

This book explains why oil prices rose so spectacularly in the past and examines how they will be suppressed in the future.




No War for Oil


Book Description

Debunking numerous myths that have emerged about the world's resources of oil, this book argues that the use of U.S. military power to secure oil is not only needless and costly--in both lives and money--but also counterproductive to U.S. security. Intended to make government, the media, and citizens think more rationally about oil and the use of military power to secure it, this account suggests that the free market is still the best vehicle to deliver the product most efficiently from producer to consumer and that a withdrawal of U.S. forces from the Persian Gulf would be beneficial in the context of potential terrorist threats. Thorough and invaluable, this focused analysis chronicles the history of the battle over oil.