TITLE

The Power of Petroleum

AUTHOR(S)
West, Robin
PUB. DATE
November 2007
SOURCE
Newsweek (Pacific Edition);11/5/2007 (Pacific Edition), Vol. 150 Issue 19, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses how record-high oil prices are affecting the balance of global power away from the U.S. and Europe and over towards the Middle East. Saudi Arabia's oil revenues have surged from 60 billion in 2000 to an estimated 152 billion in 2007. The author explains how these wealthy nations are using their surplus of money to fund corrupt political institutions and build new empires. How this is threatening security and energy within the U.S. is also discussed.
ACCESSION #
27364835

 

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