Oil

The Strategic Importance of the Global Oil Market

Author: Dr Leif Rosenberger This Letort Paper analyzes the new global oil market. It shows how the price of oil reflects the confluence of four interrelated factors. First, the Paper explores why the supply of oil has been soaring in the world. Second, it explains why the demand for oil has been relatively weak. Third, …

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Land Power and Dual Containment: Rethinking America’s Policy in the Gulf

Author: Dr Stephen C Pelletiere In an attempt to regain some control of the strategic commodity, Washington developed special relationships with the two foremost oil procedures, Iran (under the Shah) and Saudi Arabia. In 1979 the Shah was overthrown and, with the rise of the Ayatollah Khomeini, America became—in the eyes of Iranians—the Great Satan. …

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