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In the 20th century, the availability and low cost of oil triggered the industrial growth and development of the world’s leading economies. Today, cheap, accessible oil supplies are dwindling, and the true cost to the world’s environment of our profligate use of "black gold" is becoming clearer. America is embroiled in warfare and diplomacy to retain its hold on the Persian Gulf, the world’s richest petroleum-producing region. In this new entry in the popular Groundwood Guides series, James Laxer tells the story of the rise of the giant petroleum companies and how they seized control of oil fields and markets worldwide. Laxer explains the relationship between oil, geopolitics, and money, and he examines how different parts of the world — both users and suppliers — relate differently to this commodity. Finally, he describes the stark choices humanity faces as oil supplies decrease and climate change, intensified by the burning of petroleum and coal, threatens earth's future.
- Sales Rank: #3383452 in Books
- Brand: Brand: Groundwood Books
- Published on: 2008-03-04
- Original language: English
- Number of items: 1
- Dimensions: 7.01" h x .36" w x 5.08" l, .29 pounds
- Binding: Paperback
- 144 pages
- Used Book in Good Condition
From Booklist
In this compact overview of the oil industry’s growth over the past century and a half, Laxer, an authority on Canadian and world economics, traces the development of each major company and oil patch in Europe, the Middle East, and the Western Hemisphere in turn—from the rise of John D. Rockefeller to the beginning of the current world crisis in the fall of 2007. In general, the author allows the facts to speak for themselves, but he closes with a sharp critique of policies that depend on market forces to address the environmental impact of oil consumption. The narrative is laced with statistics but virtually unsupported by explanatory charts, illustrations, or even sidebars. Even so, it will offer readers who have a serious interest in the topic an enlightening industrial history characterized by ruthless business practices, vicious political struggles, and fabulous sums of money. Endnotes and brief back matter conclude this Groundwork Guides title. Grades 7-10. --John Peters
Review
". . .[Oil] will offer readers who have a serious interest in the topic an enlightening industrial history. . ." -- Booklist
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