Oil and Politics in the Gulf of Guinea

Oil and Politics in the Gulf of Guinea PDF

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 Politics in the Gulf

Oil and Politics in the Gulf PDF

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 Terrorism in the New Gulf

Oil and Terrorism in the New Gulf PDF

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.

Energy Kingdoms

Energy Kingdoms PDF

Author: Jim Krane

Publisher: Columbia University Press

Published: 2019-01-08

Total Pages: 141

ISBN-13: 0231548923

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After the discovery of oil in the 1930s, the Gulf monarchies—Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman, and Bahrain—went from being among the world’s poorest and most isolated places to some of its most ostentatiously wealthy. To maintain support, the ruling sheikhs provide their subjects with boundless cheap energy, unwittingly leading to some of the highest consumption rates on earth. Today, as summertime temperatures set new records, the Gulf’s rulers find themselves caught in a dilemma: can they curb their profligacy without jeopardizing the survival of some of the world’s last absolute monarchies? In Energy Kingdoms, Jim Krane takes readers inside these monarchies to consider their conundrum. He traces the history of the Gulf states’ energy use and policies, looking in particular at how energy subsidies have distorted demand. Oil exports are the lifeblood of their political-economic systems—and the basis of their strategic importance—but domestic consumption has begun eating into exports while climate change threatens to render their desert region uninhabitable. At risk are the sheikhdoms’ way of life, their relations with their Western protectors, and their political stability in a chaotic region. Backed by rich fieldwork and deep knowledge of the region, Krane expertly lays out the hard choices that Gulf leaders face to keep their states viable.

Poisoned Wells

Poisoned Wells PDF

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 PDF

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.

Maritime Security Cooperation in the Gulf of Guinea

Maritime Security Cooperation in the Gulf of Guinea PDF

Author: Kamal-Deen Ali

Publisher: BRILL

Published: 2015-08-07

Total Pages: 388

ISBN-13: 9004301046

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In Maritime Security Cooperation in the Guinea: Prospects and Challenges, Kamal-Deen Ali provides ground-breaking analyses of the maritime security situation in the Gulf of Guinea.

The Petro-developmental State in Africa

The Petro-developmental State in Africa PDF

Author: Jesse Salah Ovadia

Publisher: Hurst & Company

Published: 2016

Total Pages: 0

ISBN-13: 9781849044769

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Local initiatives, local control and local ownership are increasingly characteristic of Africa's petroleum sector, as Ovadia sets out in his book

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