ISBN-10:
0313361843
ISBN-13:
9780313361845
Pub. Date:
09/30/2005
Publisher:
ABC-CLIO, Incorporated
The Politics of the Global Oil Industry: An Introduction

The Politics of the Global Oil Industry: An Introduction

by Toyin Falola, Ann Genova

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Overview

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.

Product Details

ISBN-13: 9780313361845
Publisher: ABC-CLIO, Incorporated
Publication date: 09/30/2005
Edition description: New Edition
Pages: 280
Sales rank: 787,358
Product dimensions: 6.00(w) x 9.00(h) x 0.58(d)

About the Author

Toyin Falola is the Frances Higginbothom Nalle Centennial Professor of History at the University of Texas at Austin. An expert on African history and international politics, he is the author of numerous books, including his memoir, A Mouth Sweeter Than Salt (2004) and The Power of African Cultures (2003).

Ann Genova is a doctoral candidate at the University of Texas at Austin. Her publications include Oil in Nigeria in History in Africa.

Table of Contents

Preface

Abbreviations

The Players

Essentials of Oil

The Oil Companies

The Oil-Producing Nations

OPEC and International Oil Organizations

The Issues

International Relations

Environmental Concerns

Human Rights

Economic Development

Oil Politics and Its Global Impact

Country Case Studies

Iraq

Mexico

Nigeria

Norway

Russia

Saudi Arabia

Venezuela

Bibliography

About the Authors

Notes

Index

What People are Saying About This

A.B. Assensoh

"Oil is a crucial part of the economic life-blood of most nations. It is remarkable that Professors Toyin Falola and Ann Genova have painstakingly researched the Politics of the Global Industry, a book that will truly stand the test of time and usage. The authors deserve high commendation because their work, due to its sterling quality, will benefit students, the general readers as well as oil professionals, who are interested in reading about this crucial industry."

John Mukum Mbaku

"Falola and Genova are to be congratulated for this timely and extremely useful study. It should prove very useful to policymakers and others who are interested in restructuring the global oil industry to make it an instrument for poverty eradication and economic development."

Juliet E. K. Walker

"Access to oil is the key, the precipitating factor for understanding the roots of twenty-first century war, revolution and the societal marginalization and economic deprivations that persists in the live of people of African descent. Whether in the United States, Latin America or Africa, the starting point for interpreting the black experience today, then, requires a basic knowledge of competing oil producing nations and their markets. This remarkable study is the starting point."

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