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How oil volatility may lead to violence among oil powers
The world supply of oil is running out. Meanwhile, the balance of oil power is
shifting away from the United States and the Arab states toward national oil
companies (NOCs) in Russia, China, and some emerging economies in Africa and
South America. As developing countries seek a middle-class existence, their
demand for oil grows exponentially, causing oil prices to spiral, turning some
into international bullies. Until another fuel is found the world risks being
at the mercy of these tyrants whose insatiable appetites for higher oil prices
heighten competition and spur the threat of violence, domestic as well as
global.
In Seizing Power: The Grab for Global Oil Wealth, bestselling author Robert
Slater: Profiles petroaggressors like Russia's Putin, Venezuela's Chavez, and
IranÕs Ahmadinejad Describes how oil-rich outlaw nations are using a valuable
natural resource as a weapon in global politics Warns that, as oil dwindles,
these outlaw nations may turn upon one another in the fight for what oil is left
Seizing Power clearly explains why oil is potentially toxic to world
stability.