Anglo-American Oil Politics and the New World Order

[coyote]

snip...

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. The US economy relies upon the cheap and unlimited supply of this single fuel.

F. William Engdahl takes the reader through a history of the oil industry's grip on the world economy. His revelations are startling. Moving from the post-World War I period up to the present day, he shows how oil is – and has always been – the motivating factor in international policy and conflicts.

Shedding light on the 1970s oil shocks and the grand strategy of Washington after the end of the Cold War, Engdahl presents a convincing case that geopolitics and oil were behind the collapse of the Soviet Union, the breakup of Yugoslavia, and the rise and fall of the Taliban. He reveals evidence to show that the US and UK decision to go to war in Iraq was not simply an issue of corporate greed. It was a strategic move to control the world economy for the following half century or more.

http://www.financialsense.com/Experts/2005/Engdahl.html


here is the audio interview on him....very interesting from a geo-political standpoint regarding oil

http://www.netcastdaily.com/broadcast/fsn2005-0924-2.mp3

[Henny Penny]

1. Thanx for sharing coyote... I'll listen. n/t

[JohnyCanuck]

2. Check out Petrodollar Warfare

A new book titled "Petrodollar Warfare" has recently been released which examines the confluence of economics and energy and the role these ties play in US foreign policy in the Middle East. The author, William Clark, has posted here at DU under the handle Petrodollar Warfare.

The invasion of Iraq may well be remembered as the first oil currency war. Far from being a response to 9-11 terrorism or Iraq's alleged weapons of mass destruction, Petrodollar Warfare argues that the invasion was precipitated by two converging phenomena: the imminent peak in global oil production, and the ascendance of the euro currency.

Energy analysts agree that world oil supplies are about to peak, after which there will be a steady decline in supplies of oil. Iraq, possessing the world's second largest oil reserves, was therefore already a target of U.S. geostrategic interests. Together with the fact that Iraq had switched its oil export currency to euros -- rather than U.S. dollars -- the Bush administration's unreported aim was to prevent further OPEC momentum in favor of the euro as an alternative oil transaction currency standard.

Meticulously researched, Petrodollar Warfare examines U.S. dollar hegemony and the unsustainable macroeconomics of 'petrodollar recycling,' pointing out that the issues underlying the Iraq war also apply to geopolitical tensions between the U.S. and other countries including the European Union (E.U.), Iran, Venezuela, and Russia. The author warns that without changing course, the American Experiment will end the way all empires end with military over-extension and subsequent economic decline. He recommends the multilateral pursuit of both energy and monetary reforms within a United Nations framework to create a more balanced global energy and monetary system thereby reducing the possibility of future oil-depletion and oil currency-related warfare.

http://www.petrodollarwarfare.com/

Thanks for the link to the Engdahl interview. I will listen with interest to what he has to say.

[bananas]

3. This is pretty good, thanks.