By Oystein Noreng
Within the present political weather of the center East and vital Asia, with anti-Americanism and the specter of terrorism in such nations as Saudi Arabia operating excessive, oil will impression the area economic system in addition to millions of lives sooner or later. this can be an integral e-book for someone fascinated by the destiny of the area this day, in particular the interaction of energy and funds within the heart East and past.
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Extra info for Crude Power: Politics and the Oil Market
There is evidently a risk of stagflation, as in the 1970s, with declining economic activity and rising prices, which also carries a risk of protcctionism. 89 Acting in this way, the United States would offset the Asian commercial and financial strength by military force. "This option would entail a need for steadilji rising military expenditure. Another option for tlie United States would be to view the rising Asian powers as legitimate coinpetitors and partners in the world economy and in INTRODUCTION ..
Consequences for oil supplies and ~ r i c e scould be substantial.
Ondon: <;ibson Square, 2005). 4'1 I'ratab (Zhatterjee, Iruq, Itlc. (New York: Seven Stories l'ress, 2004), p 103. org 4 Susan Milligan, '(;ll( investigator rips I'cntagon on Iracl war finances', The Boston Globe, 15 July 2000. inl Times, 12 llpril 2005. 44 K'. orq l4 '' 45 Sachs: "l'hc real target of the war in Iracl was Saudi ilrabia'. Stcphetl l'elletitrc, Iraq and the It~teri~atiot~al Oil System (I ,ondon: Westwood, 2001), p 197. 47 Seymour Ll. dish gambit', The New Yorker, 21 J u n e 2004. htm 4 9 J o n I<.