Petrodollar Warfare

Author : William R. Clark
Publisher : New Society Pub
ISBN 13 : 9780865715141
Total Pages : 265 pages
Book Rating : 4.49/5 ( download)

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Download or read book Petrodollar Warfare written by William R. Clark and published by New Society Pub. This book was released on 2005 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meticulously researched, this book examines US dollar hegemony and the unsustainable macroeconomics of 'petrodollar recycling', pointing out that issues underlying the Iraq war also apply to geostrategic tensions between the US and other countries including the member states of the EU, Iran, Venezuela and Russia. The author warns that without changing course, the American Experiments will end the way all empires end -- with military over-tension and subsequent economic decline. He recommends the multilateral pursuit of both energy and monentary reforms within a United Nations framework to create a more balanced global energy and monetary system -- thereby reducing the possibility of future oil and oil-currency related warfare.

Author : David M. Wight
Publisher : Cornell University Press
ISBN 13 : 1501715747
Total Pages : 360 pages
Book Rating : 4.47/5 ( download)

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Download or read book Oil Money written by David M. Wight and published by Cornell University Press. This book was released on 2021-07-15 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Oil Money, David M. Wight offers a new framework for understanding the course of Middle East–US relations during the 1970s and 1980s: the transformation of the US global empire by Middle East petrodollars. During these two decades, American, Arab, and Iranian elites reconstituted the primary role of the Middle East within the global system of US power from a supplier of cheap crude oil to a source of abundant petrodollars, the revenues earned from the export of oil. In the 1970s, the United States and allied monarchies, including the House of Pahlavi in Iran and the House of Saud in Saudi Arabia, utilized petrodollars to undertake myriad joint initiatives for mutual economic and geopolitical benefit. These petrodollar projects were often unprecedented in scope and included multibillion-dollar development projects, arms sales, purchases of US Treasury securities, and funds for the mujahedin in Afghanistan. Although petrodollar ties often augmented the power of the United States and its Middle East allies, Wight argues they also fostered economic disruptions and state-sponsored violence that drove many Americans, Arabs, and Iranians to resist Middle East–US interdependence, most dramatically during the Iranian Revolution of 1979. Deftly integrating diplomatic, transnational, economic, and cultural analysis, Wight utilizes extensive declassified records from the Nixon, Ford, Carter, and Reagan administrations, the IMF, the World Bank, Saddam Hussein's regime, and private collections to make plain the political economy of US power. Oil Money is an expansive yet judicious investigation of the wide-ranging and contradictory effects of petrodollars on Middle East–US relations and the geopolitics of globalization.

Author : David E. Spiro
Publisher : Cornell University Press
ISBN 13 : 1501711970
Total Pages : 195 pages
Book Rating : 4.78/5 ( download)

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Download or read book The Hidden Hand of American Hegemony written by David E. Spiro and published by Cornell University Press. This book was released on 2019-06-30 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.

Author : Marin Katusa
Publisher : John Wiley & Sons
ISBN 13 : 1118800079
Total Pages : 275 pages
Book Rating : 4.72/5 ( download)

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Download or read book The Colder War written by Marin Katusa and published by John Wiley & Sons. This book was released on 2014-10-17 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the massive power shift in Russia threatens the political dominance of the United States There is a new cold war underway, driven by a massive geopolitical power shift to Russia that went almost unnoticed across the globe. In The Colder War: How the Global Energy Trade Slipped from America's Grasp, energy expert Marin Katusa takes a look at the ways the western world is losing control of the energy market, and what can be done about it. Russia is in the midst of a rapid economic and geopolitical renaissance under the rule of Vladimir Putin, a tenacious KGB officer turned modern-day tsar. Understanding his rise to power provides the keys to understanding the shift in the energy trade from Saudi Arabia to Russia. This powerful new position threatens to unravel the political dominance of the United States once and for all. Discover how political coups, hostile takeovers, and assassinations have brought Russia to the center of the world's energy market Follow Putin's rise to power and how it has led to an upsetting of the global balance of trade Learn how Russia toppled a generation of robber barons and positioned itself as the most powerful force in the energy market Study Putin's long-range plans and their potential impact on the United States and the U.S. dollar If Putin's plans are successful, not only will Russia be able to starve other countries of power, but the BRIC countries (Brazil, Russia, India, and China) will replace the G7 in wealth and clout. The Colder War takes a hard look at what is to come in a new global energy market that is certain to cause unprecedented impact on the U.S. dollar and the American way of life.

Author : Jeff Colgan
Publisher : Cambridge University Press
ISBN 13 : 1107029678
Total Pages : 327 pages
Book Rating : 4.75/5 ( download)

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Download or read book Petro-Aggression written by Jeff Colgan and published by Cambridge University Press. This book was released on 2013-01-31 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jeff D. Colgan explores why some oil-exporting countries are aggressive, while others are not. Using evidence from key countries such as Iraq, Iran, Libya, Saudi Arabia and Venezuela, Petro-Aggression proposes a new theoretical framework to explain the importance of oil to international security.

Author : Steven Emerson
Publisher : Franklin Watts
ISBN 13 : 0531097781
Total Pages : 448 pages
Book Rating : 4.86/5 ( download)

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Download or read book The American House of Saud written by Steven Emerson and published by Franklin Watts. This book was released on 1985-04-01 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of Saudi Arabia and its immense clout in the United States and throughout the Western world thanks to its petrodollars wealth and control of a huge proportion of the world's petroleum.

Author : Luis Martínez
Publisher :
ISBN 13 : 9780231703024
Total Pages : 0 pages
Book Rating : 4.23/5 ( download)

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Download or read book The Violence of Petro-dollar Regimes written by Luis Martínez and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation of oil rents in the 1970s put Algeria, Iraq, and Libya on the fast track to modernization. Massive revenues turned Algeria into the Mediterranean dragon, Libya into an emirate, and Iraq into the preeminent rising military power of the Arab world. From a political perspective, the progressive socialism of these countries would seem to have engendered profound, promising change: increased rights for women, positive urbanization, and improved education. Yet oil wealth's realities are beyond disillusioning. The international community now wonders whether reform can ever penetrate such nations and if the west will ever enjoy a secure gas supply. Offering the first global evaluation of these issues, Luis Martinez considers the nature of oil-sponsored violence in Algeria, Iraq, and Libya and its ability both to weaken and bolster their regimes.

Author : James A. Tyner
Publisher : Routledge
ISBN 13 : 1351147544
Total Pages : 252 pages
Book Rating : 4.45/5 ( download)

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Download or read book The Business of War written by James A. Tyner and published by Routledge. This book was released on 2017-11-30 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the cessation of major combat operations in Iraq, approximately 120 people - either contract workers or private soldiers - have been abducted, with one-third being executed. The largest contingent of these workers has been provided by the Philippines. Through a specific, though not exclusive, focus on the Philippines connection, this book considers the myriad ways in which transnational labour migration intersects with the occupation of Iraq. Also examining the role of the USA in the Middle East, the book places the war on terror within the practices of neoliberalism, but also links this with migration issues and argues that it is all part of a larger 'business' of conflict.

Author : F. William Engdahl
Publisher :
ISBN 13 : 9781615774920
Total Pages : 0 pages
Book Rating : 4.20/5 ( download)

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Download or read book A Century of War written by F. William Engdahl and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Control the oil and you control entire nations," said Kissinger. Oil is an instrument of world domination in the grip of the Anglo-American empire. This is a story about power, power over entire nations and continents. Century of War is a gripping account of the murky world of the international oil industry and its role in world politics. Scandals about oil are familiar to most of us. From George W. Bush's election victory to the wars in Iraq and Afghanistan, US politics and oil enjoy a controversially close relationship. William Engdahl takes the reader through a history of the oil industry's grip on the world economy. His revelations are startling. A thin red line runs through modern world history, covered in oil and blood. This book is not for the faint of heart, but for those who can see beyond the daily media manipulation of reality that is called news.

Author : Benn Steil
Publisher : Yale University Press
ISBN 13 : 0300128266
Total Pages : 220 pages
Book Rating : 4.60/5 ( download)

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Download or read book Financial Statecraft written by Benn Steil and published by Yale University Press. This book was released on 2008-10-01 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: divAs trade flows expanded and trade agreements proliferated after World War II, governments—most notably the United States—came increasingly to use their power over imports and exports to influence the behavior of other countries. But trade is not the only way in which nations interact economically. Over the past two decades, another form of economic exchange has risen to a level of vastly greater significance and political concern: the purchase and sale of financial assets across borders. Nearly $2 trillion worth of currency now moves cross-border every day, roughly 90 percent of which is accounted for by financial flows unrelated to trade in goods and services—a stunning inversion of the figures in 1970. The time is ripe to ask fundamental questions about what Benn Steil and Robert Litan have coined as “financial statecraft,” or those aspects of economic statecraft directed at influencing international capital flows. How precisely has the American government practiced financial statecraft? How effective have these efforts been? And how can they be made more effective? The authors provide penetrating and incisive answers in this timely and stimulating book. /DIV