Black Gold of the Middle East
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Authors
Shurdom, Faisal
Issue Date
2003
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
The following paper deals with Crude Oil and the Middle East.
There are many misconceptions regarding crude oil and politics in today's world. To
clarify the issue, this paper will examine I. The effect crude oil has on the U.S economy,
and 2. the role crude oil plays in the current American involvement in the Middle East.
Historically, there have been trends between oil production, price, and the "health" of the
U.S. economy (measured as GDP per capita in this instance). Accordingly, the U.S.
involved itself in the Middle East on several occasions. Many opinions emerged
regarding the issue and these have both defended or condemned America's actions. A
common defense presented is the "three case scenarios" whereby simulated takeovers in
the Middle East are hypothesized, and possible outcomes presented.
A statistical study of this argument proved that regardless of a producer country's
political agenda, countries would produce to maintain their own economic interests. As a
result, in the long run, instability would not affect U.S. GDP per capita (unless
extraordinary circumstances occur such as the Iran-Iraq war). Therefore, there is no need
for a U.S. military presence in the area to insure stability.
Description
iv, 39 p.
Citation
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License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.