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Books > Social sciences > Politics & government > International relations > Embargos & sanctions
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Myths of the Oil Boom - American National Security in a Global Energy Market (Hardcover)
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Myths of the Oil Boom - American National Security in a Global Energy Market (Hardcover)
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The last decade has seen a far-reaching revolution in the oil
industry, both in the US and globally. By some measures, America is
on pace to become the world's biggest oil producer, an outcome that
was inconceivable just a few years ago. But what does this shift
really mean for American and global security? In Myths of the Oil
Boom, Steve A. Yetiv, an award-winning expert on the geopolitics of
oil, takes stock of our new era of heightened petroleum production
and sets out to demolish both the old myths and misconceptions
about oil and the new ones that are quickly proliferating. As he
explains, increased production in the US will not lead to a major
reduction in longer term oil prices, even if it has contributed to
their precipitous fall in the short run. America will not intervene
less in the Persian Gulf just because it is producing more oil
domestically. Saudi Arabia is less willing or able to play global
gas pump to the world economy than in the past. Building an
electric car industry does not mean that consumers will buy in, but
neither is it true that a broad shift toward eco-friendly cars will
have very little impact on greenhouse gas emissions. Most
importantly, raising the level of domestic production will never
solve America's energy and strategic problems, and it may in fact
worsen climate change unless it is accompanied by a serious
national and global strategy to decrease oil consumption. While
Yetiv takes on these and a number of other misconceptions in this
panoramic account, this is not just an exercise in myth-busting;
it's also a comprehensive overview of the global geopolitics of oil
and America's energy future, cross-cutting some of the biggest
economic and security issues in world affairs. Accessibly written
and sharply argued, Myths of the Oil Boom will reframe our
understanding of the most politicized commodity in the world.
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