The author argues that simply producing oil does not make a state into a petro state. The United States is the world's largest oil producer, but it became a net importer of petroleum in 1948. To be a petro states you have to be very productive and an exporter; most of these exports are from oil.
Featuring Giuliano Garavini on his book The Rise and Fall of OPEC in the Twentieth Century. The first of a two-part series on the 20th-century history of petrostates, petrocapitalists, and the world system.
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