Exploring the wide variety of political aspects relating to oil resources and markets, The Politics of Oil provides an important and accessible introduction to topics such as the so-called 'resource curse', oil rent, producer cartels, and international oil governance. Broadening the scope further, Dag Harald Claes also examines the role of oil in political conflicts.
Divided thematically into three parts, this book discusses the exercise of political control over oil resources, their extraction, and the income from oil exports; the vagaries of oil market forces and political attempts to govern them; and finally, the complex role of oil in international, regional, and domestic conflicts. Drawing on a number of academic perspectives, including economics, political science, philosophy, history, geology, and more, the key debates surrounding oil are explored. These include the role of OPEC, the future of oil in the context of climate change, and the part oil has played in civil war and terrorism.
Easily accessible, this introduction to the intertwined relationship between oil and political decisions and behaviour, is an essential tool for students of political science, economics, and energy related studies of all kinds. It is also valuable for policy makers, industry practitioners, and others interested in the oil business or governance seeking a comprehensive introduction to the subject.
'Dag Harald Claes has a unique knowledge of the politics, economics and (even more importantly from my point of view) the history of oil. He is one of the few who can blend together the three aspects in a simple and vibrant narrative. The Politics of Oil can be used as a reference in undergraduate classes, but will also be of interest for anybody dealing with the complexities of international energy and environmental politics.'
– Paulo Garavini, European University Institute, Italy
'This book masterfully discusses how governance, markets, and security come together in creating a nexus full of inspiration for scholars of International Political Economy. What does oil do to sovereignty? Is it a blessing or a curse? How long will OPEC still be in charge? And what does the future hold for the world's most important commodity against the backdrop of climate change? The Politics of Oil will be an invaluable resource for everyone seeking answers to these crucial questions.'
– Andreas Goldthau, Royal Holloway University of London, UK
Dag Harald Claes, Department of Political Science, University of Oslo, Norway.