Oil Revolution
Oil Revolution
Christopher R. W. Dietrich
Adam Tooze
Fascinating book on postcolonial politics & oil. - Adam Tooze
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Oil Revolution

Oil Revolution: Anti-Colonial Elites, Sovereign Rights, and the Economic Culture of Decolonization

Christopher R. W. Dietrich
By
Christopher R. W. Dietrich
3.7
11
ratings on Goodreads

In "Oil Revolution," Christopher R. W. Dietrich masterfully chronicles the seismic shifts in the global oil industry through the lens of anti-colonial elites from the mid-twentieth century. This compelling narrative takes us through the journey of a new cadre of influential figures from Iran, Iraq, Saudi Arabia, Venezuela, Algeria, and Libya, who, fueled by their Western educations and a shared vision of sovereignty, navigated the intricate corridors of power from the United Nations to the Arab League and the Organization of Petroleum Exporting Countries (OPEC). Dietrich's meticulous research unveils how these visionaries not only reshaped the dynamics of oil diplomacy but also laid the groundwork for a transformative agenda that culminated in the energy crisis of 1973-74 and the proclamation of a New International Economic Order. With a storyteller's flair and historian's rigor, Dietrich explores the complex interplay of geopolitics, economic aspirations, and the relentless pursuit of independence that defined this era. The book illuminates the strategic use of oil as a tool for anti-colonial resistance, revealing a fascinating chapter in the history of global economics and politics. "Oil Revolution" not only offers an in-depth analysis of how these elites' endeavors transformed the oil industry but also provides critical insights into the lasting implications of their actions on today's geopolitical landscape. This is an essential read for anyone seeking to understand the forces that shaped the modern world and the intricate dance of power, resource control, and international diplomacy.

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Released
2017
14 Jun
Length
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Fascinating book on postcolonial politics & oil. - Adam Tooze
Rather, it favored the technological advancement and industrial productivity of the nations of the center, which in turn forged a potent legacy in which the value of raw materials declined as productivity rose. The allegedly “natural” operation of trade was anything but, Prebisch said. Comparative advantage was not a scientific law with absolute or universal scope. Instead it was an outcome of policy derived from past power relations. It followed that the wealth of the center had less to do with the benefits derived from the expansion of commerce than with the inequitable structure of that commerce.33
— Christopher R. W. Dietrich, Oil Revolution

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