Oil

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Concept.png Oil  SourcewatchRdf-icon.png
Oil.jpg
Interest of • Mordechai Abir
• Committee for the Liberation of Iraq
• Walter Levy
The commodity which occupies a uniquely defining role in 20th and 21st century geopolitics due to its commanding importance for all modern military and commercial ventures.

Oil is a viscous, black, highly energy dense material which is used both as a fuel and as a raw material for production of a wide range of chemicals such as plastics and pesticides. It is naturally occurring but limited to a relatively few areas of the world, of which the most important, historically, has been the Middle East. In the 21st century, "non-conventional" methods have been developed to extract oil from tar sands. These methods are highly polluting to the natural environment.

Official narrative

A recommended video by James Corbett

It's black, sticky, goes in cars. Nothing to see here, move along...

Oil reserves

The Persian Gulf region of the Middle East has a much larger proportion of the conventionally available petroleum that anywhere else in the world. Other countries with large reserves (such as Libya and Venezuela) have also been targeted by the US in a bid to maintain supplies.

Historical importance

As warfare and business were increasingly mechanised, the importance of oil as the most convenient fossil fuel was quickly apparent.

After WW2, the leaders of Saudi Arabia reached agreement with the US government to maintain supply to the US in return for support staying in power.[1]

Recent developments

Technology has more or less failed to come up with a replacement for naturally occurring petroleum, although decreased attention to the natural environment allowed oil extraction rates to keep increasing up to 2015.[2]

Fracking

Full article: Fracking
Fracking.jpg

Hydraulic fracturing, or 'fracking', is touted as a way of increasing accessible reserves, but in practice involves some risk of earthquakes and more importantly, has a track record of poisoning the groundwater rendering it undrinkable. It is banned outright in several countries, and would not be legal without the Cheney Loophole, a provision Dick Cheney inserted into the the Federal Energy Policy Act of 2005 to circumvent the Safe Drinking Water Act by exempting fracking fluids.[3][4]

Tar Sands

Tar Sands, rebranded 'oil sands' by the public relations industry, are semi-liquid forms of rock with a high petroleum content. On paper, these vastly increase supply of oil, but since the energy return rate on extraction is very low (perhaps 1:3 instead of 1:20 or 1:100 for conventional oil), the extraction process is extremely damaging to the environment.

 

Related Quotations

PageQuoteAuthorDate
Midge Decter“We're not in the Middle East to bring sweetness and light to the world. We're there to get something we and our friends in Europe depend on. Namely, oil.”Midge Decter21 May 2004
Petrodollar“I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.”Alan Greenspan2007
US/Foreign policy“Anybody who believes that a country's internal democracy is the determining factor in whether the West decides to move for violent regime change in that country, is a complete idiot. Any journalist or politician who makes that claim is more likely to be a complete charlatan than a complete idiot. In recent years, possession of hydrocarbon reserves is very obviously a major factor in western regime change actions.”Craig MurrayJanuary 2019
 

Related Documents

TitleTypePublication dateAuthor(s)Description
Document:The Geo-Politics of the Strait of Hormuzwebpage8 January 2012Mahdi Darius Nazemroaya
Document:Washington Wants Syria's OilArticle30 August 2017Anna JaungerThe future of Syria and its geopolitical strategic equation will depend on who controls the oil-rich region of Deir al-Zor.
File:Timor-oil.pdfletter2001Ramiro V. PazThe Timor Gap Treaty versus an East Timor Exclusive Economic Zone: Economic Independence for East Timor


References