Oil, Dollars, Debt, and Crises studies the causes of the current oil and global financial crisis and shows how America's and the world's growing dependence on oil has created a repeating pattern of banking, currency, and energy-price crises. Unlike other books on the current financial crisis, which have focused on U.S. indebtedness and American trade and economic policy, Oil, Dollars, Debt, and Crises shows the reader a more complex picture in which transfers of wealth to and from the Middle East result in a perfect storm of global asset and financial market bubbles, increased unrest, terrorism and geopolitical conflicts, and eventually rising costs for energy. Only by addressing long-term energy policy challenges in the West, economic development challenges in the Middle East, and the investment horizons of financial market players can policy makers ameliorate the forces that have been causing repeating global economic crises.
To protect the American way of life and secure the future, the United States needs an energy security strategy that will cut both our dependence on oil and our greenhouse gas emissions. Today, the energy we use keeps our economy and security dependent on unstable and hostile states, vulnerable to natural disasters, and subject to the consequences of climate change. With a comprehensive strategy to change both our supply of fuels and our demand, the United States can win the energy war, just as the strategy of containment helped win the Cold War. This report gives an overview of the nature of the energy challenge, the main elements of a strategy for energy security, and then offers a plan of action for how to actually execute that strategy.
The Energy Reserves of the Caspian Region have been hailed as the new 'Middle East.' This book offers a thorough assessment of its energy resources and the nature of the international politics that surround them. This volume presents a unique study of the various dimensions of Caspian energy, ranging from the geopolitical to the economic, technical, religious, and political.