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This month marks the centenary of a truly pivotal moment in the history of the Middle East, and indeed of the wider world. For in the early hours of May 26 1908, at a remote spot in the Persian mountains, a drilling team led by an intrepid British geologist. George Reynolds, suddenly felt the ground rumbling and then watched a stinking black torrent burst through. Amidst exultant shouts, oil had been discovered in the Middle East and a new era in international relations was born. A century on, can the oil boom continue? Adapted from the source document.

Provides an overview of the petroleum industry, its history, and its key players; examines the relationship between oil, finance, and politics; and explores the future of oil as supplies diminish and global warming threatens

Introduction -- The nature of a political resource -- Capturing oil -- Marketing oil -- Living with oil -- Securing oil -- Developing through oil -- Governing oil -- Better and beyond: the future of oil

Despite ongoing efforts to find alternatives, oil is still one of the most critical-and valuable-commodities on earth. This two-volume set provides extensive background information on key topics relating to oil, profiles countries that are major producers and consumers of oil, and examines relevant political issues

Is shale oil "revolutionizing" the global oil market and the geopolitics of oil? If so, how? While two aspects of the shale boom—a new source of supply and a cause for the price collapse in 2014–2015—dominate the conventional wisdom, I argue that the most revolutionary change is the least understood aspect of shale oil—shale oil producers' rise as new swing suppliers due to its unique extraction technique and cost structure. Shale oil producers also differ from traditional swing producers in motives, contexts, and an amount of accessible excess capacity such that while shale oil lowers the medium-term price ceiling, it does not eliminate short-term price volatility. By examining the geopolitics of oil since the advent of shale oil, I analyze how such new market realities have or have not altered the US foreign policy on issues involving possible oil supply disruptions, Saudi Arabia's long-held special status in US grand strategy, rationale for US withdrawal from the Persian Gulf, and the foreign policy of China, the largest oil importer today, and Russia, a major petrostate.

It protects wealthy autocrats, poisons the environment, & fuels international conflicts. Yet it won't be the false threat of scarcity or the rise of an Asian energy axis that convinces the world to finally kick the oil habit. An auto revolution courtesy of Silicon Valley & Shanghai may deliver an end to the defining addiction of our age. Adapted from the source document.