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This book illustrates the story of oil politics from the 20th century until today. It begins with the overthrow of the Iranian regime in 1953, and continues until the current rush for resources in the Arctic. However, the book does not simply outline these events, but, it also explains the reasons for the specific development of states acts. Thereby, this study is based on the International Political Economy and International Relations theory – a combination that makes this book unique. Finally, the book gives the reader an insight of the petro state while outlining the strategic importance of oil itself.
In 1973, the United States and other western countries were shocked by the Arab oil embargo. Lines formed at gasoline pumps; fuel stations ran out of supply; prices skyrocketed; and the nation realized its vulnerability to decisions made by leaders of countries half a world away. In response, the U.S. Strategic Petroleum Reserve (SPR), which was signed into law by President Gerald Ford in 1975, has become the nation?s primary tool of energy policy. Following its first major use during the Persian Gulf War of 1991, officials and policy makers at the highest levels increasingly turned to the SPR to stave off shortages and mitigate rising energy prices. Author and historian Bruce A. Beaubouef examines, for the first time, the interactions that have shaped the development of the SPR. He argues that the SPR has survived because it is a passive regulatory tool that serves to protect energy consumers and petroleum consumption and does not compete with the American oil industry. Indeed, by the late twentieth century, as American import dependency reached new heights, refiners and transporters increasingly relied upon the SPR as a ready resource to help maintain feedstock when supplies were tight or disrupted. In a time of continued vulnerability, this definitive work will be of interest to those concerned with the history, economy, and politics of the oil and gas industry, as well as to historians and practitioners of oil and energy policy.
Energy security has emerged as one of the most important contemporary geopolitical issues. Access to reliable, cheap energy has become essential to the functioning of modern economies but the uneven distribution of energy supplies has led to perceptions of significant Western vulnerability. At the same time, many in the West have become wary of China’s re-emergence as a major power in global politics, with its impact on Western foreign policies and potential threat to Western energy security. This book offers fresh insights into the rise of China as a global superpower and the ways in which its rise is perceived to threaten Western energy security, engaging specifically with how the idea of the China threat has emerged in popular discourse. The author questions how recent US foreign policy has sought to position China as an antagonist to Western energy interests and explores how this image has become the dominant understanding of China by the West. Rather than treating these issues as given, which orthodox approaches tend to do, this book analyses the discursive relationship between US identity, foreign policy and energy security, which leads to a more nuanced and critical understanding of perceptions of China’s potential threat to Western energy security. Filling an important gap in the emerging corpus of research on energy security, this book will be particularly valuable to students and scholars of Politics, International Relations and Chinese Studies.
In this lucid and theoretically sophisticated book, G. John Ikenberry focuses on the oil price shocks of 1973-74 and 1979, which placed extraordinary new burdens on governments worldwide and particularly on that of the United States. Reasons of State examines the response of the United States to these and other challenges and identifies both the capacities of the American state to deal with rapid international political and economic change and the limitations that constrain national policy.
China's two decades of rapid economic growth have fueled a demand for energy that has outstripped domestic sources of supply. China became a net oil importer in 1993, and the country's dependence on energy imports is expected to continue to grow over the next 20 years, when it is likely to import some 60 percent of its oil and at least 30 percent of its natural gas. China thus is having to abandon its traditional goal of energyself-sufficiency--brought about by a fear of strategic vulnerability--and look abroad for resources. This study looks at the measures that China is taking to achieve energy security and the motivations behind those measures. It considers China's investment in overseas oil exploration and development projects, interest in transnational oil pipelines, plans for a strategic petroleum reserve, expansion of refineries to process crude supplies from the Middle East, development of the natural gas industry, and gradual opening of onshore drilling areas to foreign oil companies. The author concludes that these activities are designed, in part, to reduce the vulnerability of China's energy supply to U.S. power. China's international oil and gas investments, however, are unlikely to bring China theenergy security it desires. China is likely to remain reliant on U.S. protection of the sea-lanes that bring the country most of its energy imports.
The analysis of geopolitics and energy security policies in the Caspian region is a challenging research task. This is because of the specific development of international relations in this region and the evolution of its importance in the context of the functioning of the global energy market. Due to its special geopolitical location in central Eurasia and at the junction at the world’s largest trading routes, the region is gaining in importance, both politically and economically in contemporary international relations, and becoming a place where actors involved satisfy the need for energy security.
"Contextualizes and analyzes the key energy transitions in U.S. history and the central importance of energy production and consumption on the American environment and in American culture and politics"--
The importance of oil for national military-industrial complexes appeared more clearly than ever in the Cold War. This volume argues that the confidential acquisition of geoscientific knowledge was paramount for states, not only to provide for their own energy needs, but also to buttress national economic and geostrategic interests and protect energy security. By investigating the postwar rebuilding and expansion of French and Italian oil industries from the second half of the 1940s to the early 1960s, this book shows how successive administrations in those countries devised strategies of oil exploration and transport, aiming at achieving a higher degree of energy autonomy and setting up powerful oil agencies that could implement those strategies. However, both within and outside their national territories, these two European countries had to confront the new Cold War balances and the interests of the two superpowers.
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.