How oil volatility may lead to violence among oil powers
The world supply of oil is running out. Meanwhile, the balance
of oil power is shifting away from the United States and the Arab
states toward national oil companies (NOCs) in Russia, China, and
some emerging economies in Africa and South America. As developing
countries seek a middle-class existence, their demand for oil grows
exponentially, causing oil prices to spiral, turning some into
international bullies. Until another fuel is found the world risks
being at the mercy of these tyrants whose insatiable appetites for
higher oil prices heighten competition and spur the threat of
violence, domestic as well as global.
In Seizing Power: The Grab for Global Oil Wealth,
bestselling author Robert Slater:
* Profiles petroaggressors like Russia's Putin, Venezuela's
Chavez, and IranÕs Ahmadinejad
* Describes how oil-rich outlaw nations are using a valuable
natural resource as a weapon in global politics
* Warns that, as oil dwindles, these outlaw nations may turn upon
one another in the fight for what oil is left
Seizing Power clearly explains why oil is potentially
toxic to world stability.
