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Oilcraft - The Myths of Scarcity and Security That Haunt U.S. Energy Policy (Hardcover)
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Oilcraft - The Myths of Scarcity and Security That Haunt U.S. Energy Policy (Hardcover)
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A bracing corrective to the myths that have shaped economic,
military, and diplomatic policy, dispelling our oil-soaked
fantasies of dependence. There is a conventional wisdom about
oil—that the U.S. military presence in the Persian Gulf is what
guarantees access to this strategic resource; 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. Except,
the conventional wisdom is wrong. Robert Vitalis debunks the myths
to reveal "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. Thus, the first goal of
this book is to expose the suspect fears of oil scarcity and
conflict. The second goal is to investigate the significant
geopolitical impact of these false beliefs. In particular, Vitalis
shows how we can reconsider the question of the U.S.–Saudi
special relationship, which confuses and traps many into
unnecessarily accepting what they imagine is a devil's bargain. The
House of Saud does many things for U.S. investors, firms, and
government agencies, but guaranteeing the flow of oil, making it
cheap, or stabilizing the price isn't one of them. Freeing
ourselves from the spell of oilcraft won't be easy—but the
benefits make it essential.
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