Profits and Power: Navigating the Politics and Geopolitics of Oil

Oil fuels the global economy but is criticized for its environmental impact. Profits and Power explores the history of the oil industry, its players, and the political and geopolitical issues related to its use. It shows how shifts in price have dictated who controlled production and who enjoyed the riches. Understanding oil's complexities is crucial for responding to the challenges of our energy future.

Format: Paperback / softback
Length: 336 pages
Publication date: 14 July 2022
Publisher: University of Toronto Press

Oil, a vital component of the global economy, has faced persistent criticism for its production and consumption. A growing number of individuals advocate for reducing or eliminating its use altogether. Profits and Power delves into the intricate workings of the oil system, its key players, and the political and geopolitical complexities associated with its utilization.

Beginning in the second half of the 19th century, the book explores the remarkable journey of oil production and its transformation into the world's most lucrative enterprise. It traces distinct eras in oil's history, highlighting how periods characterized by price fluctuations often determined who controlled production and reaped the substantial rewards it generated. David A. Detomasi skillfully weaves together politics, geopolitics, and economics to present a comprehensive understanding of how the system functions and the likely trajectory it will take in the future.

In the face of growing awareness of the dangers and challenges posed by oil dependency, knowledge of this crucial commodity has become increasingly vital for humanity's future. Profits and Power will resonate with individuals interested in or tasked with addressing our evolving energy landscape.

Weight: 500g
Dimension: 229 x 152 x 20 (mm)
ISBN-13: 9781487520106