In the current political climate of the Middle East and Central Asia, with anti-Americanism and the threat of terrorism in such countries as Saudi Arabia running high, oil will impact the world economy as well as thousands of lives in the future. This is an indispensable book for anyone concerned with the fate of the world today, especially the interplay of power and money in the Middle East and beyond.
In the current political climate of the Middle East and Central Asia, with anti-Americanism and the threat of terrorism in such countries as Saudi Arabia running high, oil will impact the world economy as well as thousands of lives in the future. This is an indispensable book for anyone concerned with the fate of the world today, especially the interplay of power and money in the Middle East and beyond.
List of FiguresPreface1The necessity of oil12Foreign powers and Middle Eastern oil523Oil supplies, OPEC, oligopoly and politics1034The political economy of oil prices1525The persistent politicai risks187Notes219App.: Figure data in tabular form233Bibliography241Index249