The petroleum industry is among the most lucrative and most
important in the world, and its impact within the realm of
international politics is tremendous (although it can be
overstated). Taking a well-balanced and objective approach to the
complicated web of political and economic threads that make up the
fabric of the oil industry, Falola and Genova introduce the most
salient aspects in clear language, offering cogent and up-to-date
information about the countries, companies, international
organizations, and people who shape the contemporary history of the
black gold. The relationship of international politics and the
global oil industry affects everyone but is understood by few.
Taking a well-balanced and objective approach to deconstructing
this intricate web for those unfamiliar with the industry, Falola
and Genova introduce the major players in the field, offering
cogent and up-to-date information about the countries, companies,
organizations, and people who shape the contemporary history of
oil. They break down the essentials, describing the discovery
process, the different types of oil, and the various processes by
which oil gets to the market. Then they provide a brief history of
the major oil-producing countries, followed by a discussion of OPEC
and international efforts to control the price and supply of oil.
After setting the stage, they introduce the most salient political
issues that are influenced by oil, namely environmental protection,
human rights, and economic development. Finally, a look at each of
seven major oil exporters-Iraq, Mexico, Nigeria, Norway, Russia,
Saudi Arabia, and Venezuela-demonstrates that the black gold can be
both a blessing and a curse for the countries that produce it.
Despite the need to learn how to exploit alternative energy sources
before the oil runs out, we will continue to be dependent on oil
for the foreseeable future. Today's oil demands are not only
generated by such obvious activities as gassing up our cars or
powering our aircraft, but also from the ubiquitous technological
gadgets that have infiltrated our daily lives. From computer
monitors to CDs, from cell phones to the petroleum-generated
materials used in our shoes and sweaters, our reliance on oil
continues to grow. Because price and supply are highly dependent on
political events in distant countries, it is essential for American
consumers to understand the intricacies of this complex subject.
Falola and Genova demystify the industry and invite us to
investigate more deeply this vital resource.
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