
Adam Hanieh, "Crude Capitalism: Oil, Corporate Power, and the Making of the World Market" (Verso, 2024)
New Books in Critical Theory
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The Oil Shift: Power Dynamics Post-WWII
This chapter examines the transformative geopolitical and economic shifts in the oil industry following World War II, highlighting the rise of American firms over European dominance in the Middle East. It explores the interconnectedness of oil production, Britain's imperial strategy, and the emergence of anti-colonial movements, culminating in the establishment of OPEC. The discussion reflects on how these historical dynamics continue to influence contemporary Middle Eastern politics and U.S. alliances.
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