Robert Vitalis
Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy
Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy
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- More about Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy
The book "Oilcraft" debunks the myths about oil scarcity and conflict and investigates the geopolitical impact of these false beliefs. It shows how we can reconsider the U.S.-Saudi special relationship and free ourselves from the spell of oilcraft, as it is not necessary to guarantee the flow of oil, making it cheap, or stabilizing the price.
Format: Paperback / softback
Length: 240 pages
Publication date: 22 March 2022
Publisher: Stanford University Press
A compelling corrective to the pervasive myths that have guided economic, military, and diplomatic policies, challenging our misguided notions of dependence on oil. The conventional wisdom surrounding oil posits that the United States military presence in the Persian Gulf ensures access to this vital resource, that the special relationship with Saudi Arabia is essential for stabilizing an otherwise volatile market, and that these assumptions grant Washington significant leverage over Europe and Asia. However, Robert Vitalis debunks these myths, revealing oilcraft as a line of magical thinking more akin to witchcraft than statecraft. Oil, like any other commodity, is bought, sold, and subject to the forces of the market. Consequently, this book's primary objective is to expose the unfounded fears of oil scarcity and conflict. The second goal is to investigate the profound geopolitical implications of these false beliefs.
In particular, Vitalis demonstrates how we can reevaluate the U.S.-Saudi special relationship, which often confuses and entraps individuals into accepting what they perceive as a Faustian bargain. While the House of Saud performs numerous actions for U.S. investors, firms, and government agencies, guaranteeing the flow of oil, keeping it affordable, or stabilizing prices is not among them. Breaking free from the enchantment of oilcraft will not be an easy task, but the potential benefits make it an essential endeavor.
Weight: 322g
Dimension: 138 x 215 x 17 (mm)
ISBN-13: 9781503632592
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