Oil and Politics in the Gulf of Guinea
Oil and Politics in the Gulf of Guinea

Author: Ricardo Soares de Oliveira

Publisher: Hurst & Company

Published: 2007

Total Pages: 408

ISBN-13:

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This book investigates the paradox at the heart of present-day Gulf of Guinea politics. The governance crisis festering throughout every one of the region's states ought to discourage outsiders from capital-intensive, long-term commercial involvement and cast doubts over the political survival of ruling cliques. However, the presence of large petroleum deposits radically changes this equation: the negative dynamics of state failure and wide-spread violence affect the general population but spare the oil nexus. The material and political resources made available by oil allow states to survive regardless of bad policies, facilitate their governing elites' material success regardless of reckless management, earn international allies regardless of erratic domestic conduct, and make companies want to invest regardless of risk. The recent oil boom only strengthens this paradoxical viability. Making possible what is arguably the largest inflow of resources into Africa in history, it is of a different order from the short-term viability afforded by the exploitation of other natural resources. Nonetheless, the partnership between insiders and outsiders that permits the extraction of oil is not conducive to positive long-term outcomes in institution-building or broad-based economic growth. Highly dependent on uninterrupted money flows and beset by various destabilising trends, the political economy of oil in the Gulf of Guinea is poised in a state of 'permanent crisis'.

Oil and Terrorism in the New Gulf
Oil and Terrorism in the New Gulf

Author: James J.F. Forest

Publisher: Lexington Books

Published: 2006-03-07

Total Pages: 343

ISBN-13: 0739158376

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Oil and Terrorism in the New Gulf examines the national security implications of U.S. energy security policies in the Middle East, and the emerging U.S. involvement in oil exploration and extraction in West Africa. Similar political, social, and economic challenges_poverty, corruption, lack of infrastructure, and weak governments_are seen in the oil-producing states of both the Middle East and Africa. Drawing comparisons between these two regions allows Forest and Sousa to formulate policy recommendations for how to handle foreign policy toward Africa in the future based on lessons learned from past interaction with the Middle East. Oil and Terrorism in the New Gulf promises to inform a lively debate over the future of U.S. foreign policies toward Africa and is a valuable resource for policymakers and the academic community that should be approached in a coherent, integrated fashion to ensure the success of the United State's energy and national security agendas.

Oil and Politics in the Gulf
Oil and Politics in the Gulf

Author: Jill Crystal

Publisher: Cambridge University Press

Published: 1995-01-27

Total Pages: 262

ISBN-13: 9780521466356

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This book asks why in recent years the social and economic upheavals in Kuwait and Qatar have been accompanied by a remarkable political continuity.

Oil and Politics in the Gulf
Oil and Politics in the Gulf

Author: Jill Crystal

Publisher: Cambridge University Press

Published: 1990-06-28

Total Pages: 225

ISBN-13: 9780521366397

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Why in recent years have the social and economic upheavals in Kuwait and Qatar been accompanied by a remarkable political continuity? In a region of revolution and coups, these particular monarchies have somehow survived. In her analysis of political change in the Gulf, Jill Crystal investigates this apparent anomaly by examining the impact of oil on the formation and destruction of political coalitions and state institutions. She also adds to our understanding of state formation by highlighting the ways in which states and rulers structure the relationship between those with money and those with power. This updated edition includes a discussion of the Gulf War and its aftermath.

Poisoned Wells
Poisoned Wells

Author: Nicholas Shaxson

Publisher: St. Martin's Press

Published: 2007-03-20

Total Pages: 292

ISBN-13: 0230610846

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Each week the oil and gas fields of sub-Saharan Africa produce well over a billion dollars' worth of oil, an amount that far exceeds development aid to the entire African continent. Yet the rising tide of oil money is not promoting stability and development, but is instead causing violence, poverty, and stagnation. It is also generating vast corruption that reaches deep into American and European economies. In Poisoned Wells, Nicholas Shaxson exposes the root causes of this paradox of poverty from plenty, and explores the mechanisms by which oil causes grave instabilities and corruption around the globe. Shaxson is the only journalist who has had access to the key players in African oil, and is willing to make the connections between the problems of the developing world and the involvement of leading global corporations and governments.

Oil and the political economy in the Middle East
Oil and the political economy in the Middle East

Author: Martin Beck

Publisher: Manchester University Press

Published: 2021-08-17

Total Pages: 204

ISBN-13: 1526149087

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The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century – one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.

Oil in the Gulf
Oil in the Gulf

Author: Daniel Heradstveit

Publisher: Taylor & Francis

Published: 2017-07-05

Total Pages: 190

ISBN-13: 1351914065

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The US-led war against Iraq in 2003 represented the most dramatic shake-up of regional politics in the Gulf for more than a decade. This book contains an up-to-date analysis of central questions affecting the construction of a post-Ba'th regime in Iraq, and charts possible ways forward in other key states of the region such as Saudi Arabia and Iran. At the heart of the analysis lies the tension between the US-sponsored vision of a democratic, free market Gulf region and local resistance to this model. This resistance, appearing in the shape of alternative visions of democracy and the state, could potentially present a challenge to US policy through the spread of repressive policies or terrorism, especially if Washington chooses to sideline the social forces behind it. Conversely, if this resistance were taken seriously by the US, it could form a point of departure for more fruitful interaction between traditions of government from the West and local politics. Future developments on this important issue will be of immense significance for the management of some of the world's largest oil and gas reserves, with immediate implications for both regional political stability as well as for the world economy.