After the discovery of oil in the 1930s, the Gulf monarchies-Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman, and Bahrain-went from being among the world's poorest and most isolated places to some of its most ostentatiously wealthy. To maintain support, the ruling sheikhs provide their subjects with boundless cheap energy, unwittingly leading to some of the highest consumption rates on earth. Today, as summertime temperatures set new records, the Gulf's rulers find themselves caught in a dilemma: can they curb their profligacy without jeopardizing the survival of some of the world's last absolute monarchies? In Energy Kingdoms, Jim Krane takes readers inside these monarchies to consider their conundrum. He traces the history of the Gulf states' energy use and policies, looking in particular at how energy subsidies have distorted demand. Oil exports are the lifeblood of their political-economic systems-and the basis of their strategic importance-but domestic consumption has begun eating into exports while climate change threatens to render their desert region uninhabitable. At risk are the sheikhdoms' way of life, their relations with their Western protectors, and their political stability in a chaotic region. Backed by rich fieldwork and deep knowledge of the region, Krane expertly lays out the hard choices that Gulf leaders face to keep their states viable.

Just a dusty fishing village in the 1950s, Dubai has grown faster than any other city in the world to become a glittering mecca for investors and pleasure-seekers, the repository of vast foreign investments, and a bellwether for the entire economy. In this compelling new book, Jim Krane charts the history of Dubai from its earliest days, considers the influence of the family who has ruled it since the nineteenth century, and looks at the effect of the global economic downturn on a place that many tout as a blueprint for a more stable Middle East.

Today, Dubai is a city of shimmering skyscrapers attracting thousands of tourists every year. Yet just sixty years ago Dubai's population scraped a living by picking dates, diving for pearls, or sailing in wooden dhows to trade with Iran and India. Dubai is everything the rest of the Arab world is not. Until recently it was the fastest-growing city in the world, with an economy whose growth outpaced China's while luring more tourists than all of India. The city has become a metaphor for the lush life, where the wealthy mingle in gilded splendour and luxury cars fill the streets, yet it is also beset by a backwash of bad design, environmental degradation and controversial labour practices. Dubai tells its unique story.

After the discovery of oil in the 1930s, the Gulf monarchies—Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman, and Bahrain—went from being among the world’s poorest and most isolated places to some of its most ostentatiously wealthy. To maintain support, the ruling sheikhs provide their subjects with boundless cheap energy, unwittingly leading to some of the highest consumption rates on earth. Today, as summertime temperatures set new records, the Gulf’s rulers find themselves caught in a dilemma: can they curb their profligacy without jeopardizing the survival of some of the world’s last absolute monarchies? In Energy Kingdoms, Jim Krane takes readers inside these monarchies to consider their conundrum. He traces the history of the Gulf states’ energy use and policies, looking in particular at how energy subsidies have distorted demand. Oil exports are the lifeblood of their political-economic systems—and the basis of their strategic importance—but domestic consumption has begun eating into exports while climate change threatens to render their desert region uninhabitable. At risk are the sheikhdoms’ way of life, their relations with their Western protectors, and their political stability in a chaotic region. Backed by rich fieldwork and deep knowledge of the region, Krane expertly lays out the hard choices that Gulf leaders face to keep their states viable.