November 2012, Polity
In this in-depth primer to the world's wealthiest industry, authors Gavin Bridge and Philippe Le Billon take a fresh look at the contemporary geopolitics of oil. Going beyond simple assertions of peak oil and an oil curse, they point to an industry reordered by internationalized state oil companies, Asian consumerism shifting demand, the insecurities and violent assertiveness of declining powers, and the dilemmas of post-oil energy transition.
As a new geopolitics of oil emerges, the need for effective global oil governance becomes imperative. Praising the growing influence of civil society and attentive to the institutionalization of producer-consumer cooperation, this book identifies challenges and opportunities to curtail price volatility, curb demand and the growth of dirty oil, de-carbonise energy systems, and improve governance in oil producing countries.
List of Figures, Tables, and Boxes vi
1 The Nature of a Political Resource 5
2 Capturing Oil 35
3 Marketing Oil 69
4 Securing Oil 93
5 Developing Through Oil 125
6 Governing Oil 153
7 Better and Beyond: The Future of Oil 180
Selected Readings 226
Gavin Bridge is a reader in economic geography at the University of Manchester. He has published widely on the geography of natural resources.
"Its accessible language, comprehensive treatment of the subject and affordable pricing make this indispensable reading."
"Brimming with rich conceptual insights and expert empirical detail."
"You will not find a better guide to the new geopolitics of hydrocarbons."
Michael Ross, University of California Los Angeles
Michael Watts, University of California, Berkeley
"This book is a 'must-read' antidote to current arguments about the scarcity of oil. Not only do Bridge and Le Billon comprehensively demolish those claims, they positively submit a twenty-first century 'beyond oil's prospective' for the future."
Peter R. Odell, Erasmus University, Rotterdam
"The book Oil published by leading resource geographers Gavin Bridge and Philippe Le Billon in the 'Resources' series of Polity provides the most up-to-date and well-balanced analysis of the challenges faced by the global petroleum industry today and their implications for social studies of energy affairs. The book offers an empirically grounded and conceptually informed critique without being heavily immersed in critical geographical theory. Oil is an essential reading for anyone interested in the contemporary politics of hydrocarbons and delivers much needed teaching material for both undergraduate and graduate courses on extractive economies."
Karg Kama, School of Geography and the Environment, University of Oxford