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."
"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