By Melvin A. Conant
Conant explores how the transformation of oil from a advertisement commodity to a strategic uncooked fabric have replaced the face of global power politics. In an more and more interdependent international, Conant questions the proper of any state to withold very important offers from different international locations.
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Extra info for Access to Energy. 2000 and After
Because Japan is completely dependent on foreign sources of uranium, however, it cannot end its dependence Nature of the Crisis / 21 on foreign energy supply (given current reactor designs) but can only diversify the level of its dependence on Persian Gulf crude-oil reserves. Japan, however, has encountered several obstacles in its attempts to convert to nuclear power. On the domestic political scene, the conversion to nuclear power has generated opposition from environmental groups who are concerned not only about the dangers of nuclear waste and proliferation but also about the danger posed to nuclear-plant facilities by earthquakes.
THE 1951 OIL NATIONALIZATION CRISIS In 1951 Iran nationalized its oil resources, due in large part to British Petroleum's refusal to accept the 50-50 profit-sharing agreement conceded by the American oil companies to Venezuela and Saudi Arabia. The reaction of the major oil companies to the Iranian nationalization was to implement a boycott of Iranian oil. Prospective commercial clients were warned that if they purchased oil from Iran they would be subject to legal action by BP, since the company claimed it still legally owned the oil.
To the extent that the United States' security umbrella could result in a Saudi maximum production rate, then Western European and Japanese interests would be served as long as a large portion of this oil were made available to their markets (as is presently, and historically, the case). Nevertheless, given the quantitative difference between the energy import dependence of the United States and Western Europe and Japan, its major allies would be uneasy if the United States used its special relationship with Saudi Arabia to secure first its own access to vital oil reserves while seeming to ignore the needs of Europe and Japan.
Access to Energy. 2000 and After by Melvin A. Conant