Crude Awakenings : : Global Oil Security and American Foreign Policy / / Steve A. Yetiv.

• Superior document: Title is part of eBook package: De Gruyter Cornell University Press Backlist 2000-2013
• VerfasserIn: Yetiv, Steve A.,
• Place / Publishing House: Ithaca, NY : : Cornell University Press, , [2010]; ©2011
• Year of Publication: 2010
• Language: English
• Physical Description: 1 online resource (248 p.) :; 9 graphs, 6 tables

"The real story of global oil over the past twenty-five years is not about the spillover effects of Palestinians fighting Israelis, or terrorist attacks on U.S. forces in Saudi Arabia and Yemen, or Iraq's stormy relationship with Kuwait. It is not even about periodic small- and large-scale U.S. attacks on Iraq. Rather, the real story is about longer-term developments that have changed the international relations of the Middle East, politics at the global level, and world oil markets. These developments have increased oil stability."-from the IntroductionThirty years after OAPEC shattered world markets for oil, the Western world remains profoundly dependent on foreign, particularly Middle Eastern, sources of petroleum. U.S. political rhetoric is suffused with claims about the vulnerability caused by this dependence. Hence, many political analysts assume that a search for stability of petroleum supplies is an important element of contemporary American foreign policy.Steve A. Yetiv argues that common assumptions about oil markets are wrong. Although prices remain volatile, Yetiv's account portrays a world market in petroleum products far more benign and predictable than the one to which we are accustomed. In Crude Awakenings, he identifies and analyzes real and potential threats to the global energy supply, including wars, revolutions, coups, dangerous alliances, oil embargoes, Islamic radicalism, and transnational terrorism. However, he also shows how some of these threats have been mitigated and how global oil security has been reinforced.

Table of Contents

Frontmatter -- Contents -- List of Figures and Tables -- Acknowledgments -- Abbreviations -- 1. Introduction -- 2. Threats to Saudi Stability -- 3. Power Shifts -- 4. The Chief Guarantor of Oil Stability -- 5. The United States in the Middle East before and after September 11 -- 6. The Cold War and Global Interdependence -- 7. The China Factor -- 8. The Oil Weapon -- 9. Multiple Cushions for Oil Shocks -- 10. Oil Market Dynamics and OPEC -- 11. Global Oil, High Technology, and the Environment -- 12. Twenty-First-Century Threats to Global Oil Stability -- Appendix A. List of Interview Subjects -- Appendix B. The Middle East and Global Energy: A Chronology, 1973-2003 -- Index