I began my career as a business journalist writing about Arab finance and oil at a time when few women were in that industry. Rather improbably, perhaps, I became well-known for correctly predicting trends – geopolitical and geo-economical. In my thirties, I shifted to the academy, becoming a director of energy research at Rice University in Houston and subsequently a sought-after advisor to government, corporations, and financial institutions. I wrote my first paper on oil crises while in high school (winning third prize in a state term paper contest) and have never left the subject. Now more than ever, the public needs to understand the real facts behind oil and financial crises.
For as long as I can remember, the oil industry has been saying oil is a finite resource and we are only a few years away from running dry.
It may be confusing to fathom how an industry can keep repeating that meme and have it continue to be believable. The key is understanding the cyclical nature of oil exploration and development and how the long lead time it takes to drill for new oil can lag behind a sudden burst of economic prosperity that creates more demand for energy virtually overnight. In essence, every oil shortage will eventually be temporary.
Market Madness is one of the few oil books that gets that right and uses history to prove its point. The book takes you back to the time of Andrew Carnegie and doesn’t get sucked into the idea that “easy to find” oil will eventually run out, empowering the…
Stock market booms are cause for celebration. But when oil prices soar because supplies are failing to keep up with demand, the response is nearly always apocalyptic. Predictions of the end of oil can create anxiety on Wall Street and in Washington, stoking fears that production has hit a ceiling and prices will rise in perpetuity. Yet these dire visions have always proven wrong.
Market Madness is the story of four waves of American anxiety over the last 100 years about a looming end to oil reserves. Their sweeping pattern-as large price increases lead to widespread shortage fears that eventually…
I have been fascinated with the relationship between the United States and the Middle East since my freshman year at the State University of New York at Stony Brook, where I began as a commuter, stuck in gasoline lines, during the “energy crisis” in the fall of 1973, and where I was among the first SUNY students to study abroad in Egypt after the United States resumed diplomatic relations. I wrote my dissertation on Egypt’s economic development (When Capitalists Collide: Business Conflict and the End of Empire in Egypt, 1995) and have been teaching and writing about U.S. involvement in the region for 35 years.
Professor Garavini, who teaches at Roma Tre University in Italy, has written a game-changer of a book on the Organization of Petroleum Exporting Countries, one that reorients our view away from the overblown accounts of oil-weapon-wielding sovereigns holding the West hostage. If you believe that OPEC is a cartel or that it embargoed the United States and reduced oil supplies to the world in 1973, this book will set you straight.
The Organization of the Petroleum Exporting Countries (OPEC) is one of the most recognizable acronyms among international organizations. It is mainly associated with the 'oil shock' of 1973 when prices of petroleum quadrupled and industrialized countries and consumers were forced to face the limits of their development model.
This is the first history of OPEC and of its members written by a professional historian. It carries the reader from the formation of the first petrostate in the world, Venezuela in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s…
I'm a Communication professor at Fresno Pacific University and former Fulbright grantee to Jordan. Growing up in west Texas I was always fascinated with other countries. I encountered Arabic in college, and I quickly fell in love with a language and society that reminded me so much of my home—in fact, the word “haboob” is used by Texas farmers and Bedouin herders alike to describe a violent dust storm. While I was teaching English in Amman, I realized how much I enjoy learning how different cultures come to understand one another. My driving passion is to explore the centuries-long rhetorical history tying Americans and Middle Easterners together in mutual webs of (mis)representation, and this topic has never been more relevant than today.
A highly readable tome, Cooper’s account of how the oil politics of the 1970s revolutionized U.S. foreign policy and the Persian Gulf is a must-read for anyone who wants to know more about the political landscape of the Middle East. Cooper traces the personal interactions among the Shah of Iran, Richard Nixon, Henry Kissinger, Gerald Ford, and the House of Saud in the midst of the 1973 Arab-Israeli War, the consequent oil embargo, the formation of OPEC, and the early stirrings of revolution in Iran. Perhaps most helpful, this book dispels many misperceptions about Iran under the Shah while also showing how the United States played an integral role in weakening his regime prior to the 1979 revolution.
“Relying on a rich cache of previously classified notes, transcripts, cables, policy briefs, and memoranda, Andrew Cooper explains how oil drove, even corrupted, American foreign policy during a time when Cold War imperatives still applied,”* and tells why in the 1970s the U.S. switched its Middle East allegiance from the Shah of Iran to the Saudi royal family.
While America struggles with a recess ion, oil prices soar, revolution rocks the Middle East, European nations risk defaulting on their loans, and the world teeters on the brink of a possible global financial crisis. This is not a description of the…
I have been fascinated with the relationship between the United States and the Middle East since my freshman year at the State University of New York at Stony Brook, where I began as a commuter, stuck in gasoline lines, during the “energy crisis” in the fall of 1973, and where I was among the first SUNY students to study abroad in Egypt after the United States resumed diplomatic relations. I wrote my dissertation on Egypt’s economic development (When Capitalists Collide: Business Conflict and the End of Empire in Egypt, 1995) and have been teaching and writing about U.S. involvement in the region for 35 years.
I am recommending Emily Meireding’s book for two reasons. First, there may be readers who are put off by what one reviewer calls my own “engaged,” “conversational,” and “off-the-cuff” style, and who are more likely to trust in a more conventional, scholarly text. Oil Wars Myth, by a professor who teaches at the Naval Postgraduate School, no less, confirms much of what I argue in my book. The second reason is because Professor Meireding’s findings surprised her, given our commonsense beliefs about countries routinely going to war over the stuff.
Do countries fight wars for oil? Given the resource's exceptional military and economic importance, most people assume that states will do anything to obtain it. Challenging this conventional wisdom, The Oil Wars Myth reveals that countries do not launch major conflicts to acquire petroleum resources. Emily Meierding argues that the costs of foreign invasion, territorial occupation, international retaliation, and damage to oil company relations deter even the most powerful countries from initiating "classic oil wars." Examining a century of interstate violence, she demonstrates that, at most, countries have engaged in mild sparring to advance their petroleum ambitions.
I began my career as a business journalist writing about Arab finance and oil at a time when few women were in that industry. Rather improbably, perhaps, I became well-known for correctly predicting trends – geopolitical and geo-economical. In my thirties, I shifted to the academy, becoming a director of energy research at Rice University in Houston and subsequently a sought-after advisor to government, corporations, and financial institutions. I wrote my first paper on oil crises while in high school (winning third prize in a state term paper contest) and have never left the subject. Now more than ever, the public needs to understand the real facts behind oil and financial crises.
Most international relations scholars see oil as a side show that doesn’t fit into their big picture balance of power paradigms.
Colgan breaks the mold to narrate how the history of oil crises reveals core truths about international relations and how different-sized countries can use coercion within a subsystem to assert influence over larger powers.
Colgan attacks his field’s Mearsheimerisque, longstanding premise that military security and strategic considerations exclusively drive geopolitical relations. Instead, he utilizes oil geopolitics as a subsystem to show how countries coerce each other through a larger variety of means (military, economic, and leadership selection, to name three) with a wider variety of goals.
In my view, Colgan’s subsystem model allows for a deeper understanding of what motivates countries and what tools they have to influence each other to gain strategic benefits.
The global history of oil politics, from World War I to the present, can teach us much about world politics, climate change, and international order in the twenty-first century.
When and why does international order change? The largest peaceful transfer of wealth across borders in all of human history began with the oil crisis of 1973. OPEC countries turned the tables on the most powerful businesses on the planet, quadrupling the price of oil and shifting the global distribution of profits. It represented a huge shift in international order. Yet, the textbook explanation for how world politics works-that the most…
I am a New York Times bestselling author of six books, including The Mosquito: A Human History of Our Deadliest Predator. My works have been published globally in more than fifteen languages. I hold a PhD from the University of Oxford, served as an officer in the Canadian and British Armies, and have appeared in numerous documentaries, television programs, and podcasts. I am an associate professor of history (and, as a true Canadian, head coach of the hockey team) at Colorado Mesa University.
There are a handful of books that, upon finishing, I remark with absolute admiration, “I wish I would have written that.” This is one of these select, extraordinary books. Yergin presents an eye-opening, at times uncomfortably shocking, journey through petroleum geopolitics, challenging conventional notions about historical events, the modern world order, and how it came to pass.
Written by the author of "Shattered Peace" and "Energy Future", this book brings to life the tycoons, wildcatters, monopolists, regulators, presidents, generals and sheiks whose struggle for oil has shaken the world economy, dictated the outcome of wars, transformed the destiny of Britain and the world and profoundly changed all our lives. Beginning with the first oil well of the 1850s and continuing up to Saddam Hussein's invasion of Kuwait, it is a story of greed, gumption nad ingenuity, all in pursuit of "the prize" - worldwide economic, military and political mastery through the control of oil. The book includes…
In the 1950s, my mother and father left the red dirt of Oklahoma for the forests of Idaho to escape their families’ poverty. Instead of sharecropping, my father became a logger, but my aunt and her husband, a drilling rig roughneck, moved to the deserts of Saudi Arabia to work for Aramco and live in the American compound of Abqaiq. I remember the gifts they brought me: camel hide purses, Aladdin slippers. The Saudis, too, were experiencing rapid modernization and expanding wealth. I became fascinated by the conflict inherent in the sudden enmeshing of cultures and meteoric shift in power and privilege.
Translated into English by Peter Theroux, this gorgeously written and emotionally stunning novel is told from the perspective of the Bedouin inhabitants during a time when Americans were arriving by the shipload to develop the oilfields they had discovered. The story is both epic and intimate (and, at points, wittily ironic) and opened my eyes to the vast destruction not only of the land and its people but the very core of their culture. Banned in several Middle Eastern countries, including Saudi Arabia, this is the first volume of a trilogy (and I recommend them all).
The first English translation of a major Arab writer's novel that reveals the lifestyle and beliefs of a Bedouin tribe in the 1930s. Set in an unnamed Persian Gulf kingdom, the story tells of the cultural confrontation between American oilmen and a poor oasis community.
In 1999, fresh out of Harvard, I moved to Zendik Farm—a neo-hippie cult with a radical take on sex and relationships. Since I left in 2004, I’ve been composting the experience into a source of fertility. I've explored not only what drew me to Zendik and kept me there but also how groups like Zendik feed on deficiencies in our cultural soil—and how common it is for us humans to get trapped inside stories. Even—especially—if we assume ourselves immune to cultism. That is, I’ve approached my cult experience with sincere curiosity. So have all the authors on this list. That’s why I love them.
In fictional Union Grove, post-collapse, it takes a cult—the New Faith Church—to sustain a village. Equipped with social cohesion, ecstatic optimism, and shared purpose, the New Faithers come through for their neighbors in surprising and admirable ways.
I love this book because it shows the bright side of cult life. The New Faithers remind me of myself and my fellow Zendiks at our best. For all our failings, we sure did know how to band together to get shit done.
In The Long Emergency celebrated social commentator James Howard Kunstler explored how the terminal decline of oil production, combined with climate change, had the potential to put industrial civilization out of business. In World Made by Hand, an astonishing work of speculative fiction, Kunstler brings to life what America might be, a few decades hence, after these catastrophes converge. For the townspeople of Union Grove, New York, the future is nothing like they thought it would be. Transportation is slow and dangerous, so food is grown locally at great expense of time and energy, and the outside world is largely…
This is a new book in what I hope will become a series for John Sandford. Lettie Davenport, adopted daughter of Lucas Davenport has become a police officer. While Lucas had hoped she would change her mind about law enforcement, Lettie has embraced it. She finds herself entangled in her first case. Schooled in martial arts and the best shot in her graduating class, she is prepared for most situations. The book is fast paced and keeps you turning the pages. I finished this one well into the wee hours of the morning. I am looking to see Lettie appear in many more books.
Letty Davenport, the brilliant and tenacious adopted daughter of Lucas Davenport, takes the investigative reins in the newest thriller from #1 bestselling author John Sandford.
By twenty-four, Letty Davenport has seen more action than most law enforcement professionals. Working a desk job for US Senator Christopher Colles, she's bored and ready to quit. But when her skills catch Colles' attention, she is offered a lifeline: real investigative work.
Texas oil companies are reporting thefts of crude. Rumour has it that a sinister militia is involved. Who is selling the oil? And what are they doing with the profits?
I have been consulting and conducting research on climate change for over 30 years as a member of the research staff at MIT. While I originally approached the topic from a technological viewpoint, I quickly understood that that was only one piece of the equation. It was also important to understand the science, the policy, the economics, the politics, and the social aspects of climate change. In selecting my book recommendations, I wanted to cover the many different aspects of climate change.
The major source of greenhouse gases that are the root cause of climate change are from our energy use. Therefore, in order to understand how to effectively reduce our greenhouse gas emissions, one must understand our energy systems. I read this book many years ago, but it taught me so much about how the oil and gas industry works. The Seven Sisters refer to the seven major oil companies that dominated the oil industry in the 1960s and 1970s. Even though the industry has changed greatly since then, the story of how oil and gas came to dominate the world’s energy systems is still relevant today.
An account of the men and events behind the rise of the world's largest oil companies, their domination of the world petroleum industry, and their current status subsequent to their control being challenged by the producing nations
