|The commodity which occupies a uniquely defining role in 20th and 21st century geopolitics due to its commanding importance for all modern military and commercial ventures.|
|A recommended video by James Corbett|
It's black, sticky, goes in cars. Nothing to see here, move along...
The Persian Gulf region of the Middle East has a much larger proportion of the conventionally available petroleum that anywhere else in the world. Other countries with large reserves (such as Libya) have also been targeted by the US in a bid to maintain supplies.
As warfare and business were increasingly mechanised, the importance of oil as the most convenient fossil fuel was quickly apparent.
Technology has more or less failed to come up with a replacement for petroleum.
- Full article: Fracking
- Full article: Fracking
Hydraulic fracturing, or 'fracking', is touted as a way of increasing accessible reserves, but in practice involves some risk of earthquakes and more importantly, has a track record of poisoning the groundwater rendering it undrinkable. It is banned outright in several countries, and would not be legal without the Cheney Loophole, a provision Dick Cheney inserted into the the Federal Energy Policy Act of 2005 to circumvent the Safe Drinking Water Act by exempting fracking fluids.
Tar Sands, rebranded 'oil sands' by the public relations industry, are semi-liquid forms of rock with a high petroleum content. On paper, these vastly increase supply of oil, but since the energy return rate on extraction is very low (perhaps 1:3 instead of 1:20 or 1:100 for conventional oil), the extraction process is extremely damaging to the environment.
|The Geo-Politics of the Strait of Hormuz||webpage||8 January 2012||Mahdi Darius Nazemroaya|
|File:Timor-oil.pdf||letter||2001||Ramiro V. Paz||The Timor Gap Treaty versus an East Timor Exclusive Economic Zone: Economic Independence for East Timor|
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|Midge Decter||“We're not in the Middle East to bring sweetness and light to the world. We're there to get something we and our friends in Europe depend on. Namely, oil.”||Midge Decter||21 May 2004|
|This is a page stub. Please add to it.|
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