The Politics of International Oil
- Gov 365P/MES 322K: Class 16
The news - in the real world:
-
From last time:
- video
Fighting for
Oil (ironies of
Kuwait upstream development)
An Arab or Islamic Oil Weapon?
- Comparing the Middle East wars of 1973 and 2006
- tight supply situation
- political pressures: recall the American rearming of Israel
plus an extra $2 billion of aid for the Yom Kippur (or October
or Ramadan War)
- the results of OAPEC (Organization of Arab Petroleum
Exporting Countries) decision: oil prices four fold increase
- chronology
of oil price hikes
- political results? - blunt instrument, Kissinger
step-by-step diplomacy
- video:
The
October War and the First Oil Shock (from Yergin The
Prize)
- Is the Persian [Arab] Gulf still an "American Lake" (Klare,
esp p. 187) - the Carter Doctrine 1980 "An attempt by any outside
force to gain control of the Persian Gulf region would be regarded
as an assault on the voital interests of the US"
- From "over the horizon" Diego Garcia base to the many US
bases in GCC. - a new form of imperialuism?
- May 2004 gunmen kill 5 western oil workers Yanbu
- 22 killed in Khobar
- 2006 Abqaiq attack by suicide bombers
- Return of the IOCs? (recall oil for security - Franklin D
Roosevelt and King Abdulaziz Ibn Saud 1945)
- Iraq PSAs?
- Saudi opening: gas only! 2002 Saudi Gas Initiative was
scaled down
- Containing Iran? - Iran Libyan Sanctions Act of 1996 -
efforts to prohibit not only US but foreign investment in Iran
-
- cf India South Pars and "Iran-Pakistan-India" natural
gas pipeline project - dropped because of Bush promises of
nuclear supplies and technologies for India?
- Azadegan project with Japan also stalled by 2006
- China's new influence - mainly commercial but also
strategic - Shanghai Cooperation Organization (Iran observer
status)
- sourcing
crude oil
- arms deals with Iran, Kuwait, and Saudi Arabia
- upstream oil: Iran - giant Yadavaran oil field
- oil swaps Iran-Kazakstan
- gas deals with Iran and Saudi Arabia (Empty Quarter)
- Kuwait Project?
- The money weapon?
-
Main
page
Oct. 26, 2009
- Department
of Government, University of
Texas at Austin.
- Questions, Comments, and Suggestions to
chenry@mail.utexas.edu