The Political Economy of Oil|
Spring 2021 not offered
This course examines the strategic, political, and economic aspects of the global oil and gas industry. On one side is the United States as the dominant energy consumer, for whom securing oil supplies has been a major strategic priority since the 1930s. On the other side are a variety of producer countries, for whom oil has brought wealth but also political instability and conflict. Political scientists actively debate the impact of oil on the prospects for democracy and economic development. It is also important to understand the structure of the industry and the goals of the corporations that make it up. Students will complete case studies of individual producer countries and oil companies. The cases selected will cover the whole range--the Middle East (e.g., Saudi Arabia, Iran), Russia and Central Asia, and developing countries (e.g., Venezuela, Nigeria)--not to forget other cases such as Norway and Trinidad. We will also examine the phenomenon of peak oil and the rise of natural gas and other fuels.
||Gen Ed Area Dept:
|Course Format: Seminar||Grading Mode: Graded|
||Fulfills a Major Requirement for: (CGST-MN)(GOVT)(GOVT-Comparativ)(GOVT-Intl.)
Daniel Yergin, THE PRIZE. THE EPIC QUEST FOR OIL, MONEY AND POWER
Daniel Yergin, THE QUEST. ENERGY, SECURITY AND THE REMAKING OF THE MODERN WORLD
Lisa Margonelli, OIL ON THE BRAIN
|Examinations and Assignments: |
Three papers, each 6-8 pages.
|Additional Requirements and/or Comments: |
Students wishing to enroll in this class should email the professor with a copy of their transcript and an explanation of why they are interested in this topic, how it relates to their other studies and career plans.
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