Oil and War
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A refreshing analysis that avoids the conspiratorial explanations.
Quote:The latent conflicts and overt difference between military and economic expansion may eventually find greater articulation in Washington. However, up to now, because of the global structures and orientation of the oil industry, because of their dependence on the military for ‘security’, the oil industry in particular, and the MNCs in general, have sacrificed short and middle term profits for “future gains” in the hopes that the wars will end and lucrative profits will return.
It reads like a bit of a conspiracy theory to me ! Oil companies and multinationals getting together to agree to aim at making less profits than they could.For where Petras is coming from see this book review from the Socialist Standard:http://www.worldsocialism.org/spgb/socialist-standard/2000s/2008/no-1242-february-2008/book-reviews
I was really intending it to mean a criticism of those geo-political grand schemes proposed to explain every diplomatic intervention.This is an example where there are interesting facts they are added up to one strategy whereas i think there can be conflicting sectors in world politicshttp://www.countercurrents.org/engdahl271014.htm
Actually of course geo-political considerations are a factor in diplomatic and military interventions not just narrow economic interest. I think I read somewhere recently that the US is now self-sufficient in oil and gas (due to fracking) and is now producing more oil than Saudi Arabia. Just found it:http://www.bloomberg.com/news/2014-07-04/u-s-seen-as-biggest-oil-producer-after-overtaking-saudi.htmlIronically in their book Petras and Veltmeyer suggest that US multinational corporations are in part agents of US global geo-political strategy.
James Petras is another typical conspiracionist, and he does not have a clue of what is going on around the world, for him, the main problem around the world is the US imperialism, and the big corporations, the state of Israel and Zionism. He is just another Noam Chomsky. Up to know I have not seen any so called American socialist intellectual with a clear view about the world, and with a clear view of what socialism is, they are all confused. He is a left winger that was supporting Fidel Castro, Che Guevara, and the government of Cuba, and then, he changed gear, and started supporting Hugo Chavez and the government of Venezuela, because according to him Chavez was in a much better political stand, but the thing is that Chavez was only a pupil of Castro, who is also a supporter of conspiracionist theories, who made a big deal about the conspiracionist Daniel Estulin who think that the world is control by one family I do not pay too much attention to any of his wittings, must of them are based on false argumentation. His reasoning about Latin America are based on bourgeois regional nationalism
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