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dc.contributor.advisorStull, Charles A.
dc.contributor.authorShurdom, Faisal
dc.descriptioniv, 39 p.en_US
dc.description.abstractThe 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.en_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.relation.ispartofseriesSenior Individualized Projects. Economics and Business.;
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleBlack Gold of the Middle Easten_US
KCollege.Access.ContactIf you are not a current Kalamazoo College student, faculty, or staff member, email to request access to this thesis.

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  • Economics and Business Senior Integrated Projects [1196]
    This collection includes Senior Integrated Projects (SIP's) completed in the Economics and Business Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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