Regular marked price: $17.95Discount Price: $12.21
Cost Savings: $5.74 (32%)Price fluctuation possible.
How soon does it ship: Normal ship time within one day
Shipping? Absolutely FREE if you qualify for Super Saver Shipping.
Type of bind: Paperback
Dewey Decimal Number: 956.704431
EAN num: 9780865715141
ISBN number: 0865715149
Label: New Society Publishing houses
Manufacturer: New Society Publishing houses
Quantity: 1
Page Count: 288
Printing Date: May 01, 2005
Publishing house: New Society Publishing houses
Sale Popularity Level: 245006
Studio: New Society Publishing houses
Other books you might be interested in perusing:
Editor's Notes and Comments:
Product Description:
The invasion of Iraq may well be remembered as the very first oil currency war. Far from being a response to 9/11 terrorism or Iraq's alleged weapons of mass destruction, Petrodollar Warfare argues that the invasion was precipitated by two converging phenomena: the imminent peak in global oil production and the ascendance of the euro currency.
Energy analysts agree that world oil supplies are about to peak, after which there will be a steady decline in supplies of oil. Iraq, possessing the world's second-largest oil reserves, was therefore already a target of US geostrategic interests. Together with the fact that Iraq had switched to paying for oil in euros-rather than US dollars-the Bush administration's unreported aim was to prevent further OPEC momentum in favor of the euro as an alternative oil transaction currency standard.
Meticulously researched, Petrodollar Warfare examines US dollar hegemony and the unsustainable macroeconomics of petrodollar recycling,' pointing out that the issues underlying the Iraq war also apply to geostrategic tensions between the United States and other countries, including the member states of the European Union, Iran, Venezuela and Russia. The author warns that without changing course, the American experiment will end the way all empires end-with military overextension and subsequent economic decline. He recommends the multilateral pursuit of both energy and monetary reforms within a UN framework to create a more balanced global energy and monetary system-thereby reducing the possibility of future oil and oil currency-related warfare.
A sober call for an end to aggressive US unilateralism, Petrodollar Warfare is a unique contribution to the debate about the future global political economy.
William R. Clark is manager of performance improvement at Johns Hopkins University School of Medicine. His research on oil depletion, oil currency issues and US geostrategy received a 2003 Project Censored Award and was published in Censored 2004. He lives in Columbia, Maryland.
User popularity level:
Rated by buyers 
-
I enjoyed this book very, very much. Most all "peak oil" books are written by liberal democrats that are on the far left. This is just one point of view. I dislike this Republican and Democrat rat race and I think it's pointless. If you like rich Republican elite fine. If you like rich Democrat elite fine. I could care less. This only clouds our thinking and that thinking becomes group think. Think for yourself. This author William R. Clark is a liberal democrat but I liked his book and he has some important things to say, but that doesn't mean I agree with Mr. Clark on every issue. How many BTU's of energy does the average Republican American use each year? How many BTU's of energy does the average Democrat use each year? We are the same. We have all of the electricity, natural gas, and gasoline we want and can waste it any time we like. I researched Mr. Bush invading Iraq. Mr. Saddam Hussein wanted the U.N. Scantions lifted. France, Russia, China, Germany and others were selling him billions of commercial and military equipment. Mr. Hussein gave France, Russia, China, and Germany and other countries hundreds of drilling contracts each if these countries would help get the U.N. Scantions lifted. France went further and got Mr. Hussein to switch pricing of oil from dollar to euros. Iraq, Russia, France, Germany, China were all trying to screw the United States and end it's power and influence. This was a direct challange to the economy of the United States. According to the author William Clark, this would have recked the United States Dollar and economy. The dollar would have dropped more than 40% overnight. Markets would have crashed. The government fears deflation. With the United States huge debt burden, our country cannot afford deflation, as it would bankrupt the system almost instantly. You have to keep the gravy train moving and do crazy things to create inflation. What causes inflation? Wars and devalue your currency. I don't know what the correct answers are. Ask yourself, if you were president, what would you have done? Mr. Bush went to Iraq and tore up those oil drilling contracts that were given to the Russians, Chinese, French, Germans and others. U.N. scantions were lifted and Iraq's oil is starting to find it's way back into the global market. Will this work? Maybe not. The dollar is doomed and Republicans and Democrats have given us 50 years of spending and debt. National debt, State and Local Government debt, Corporate debt, personal debt and the money supply and debt pile keep growing and growing regardless what we believe and regardless who we vote for. Just pointing to one political party and calling them Nazis and other names doesn't solve anything. Global oil production has peaked and we will see a global decline in net energy over the subsequent 25 years. But what would you have done if you were President? Stayed home and put up windmills? This is a good book to read with a very interesting point of view. Regards, Keith Renick, Saudi Aramco Oil Company, Retired
Rated by buyers 
-
EVERY young person should read this book. Its shockingly accurate as never in the history of the U.S. have so many Federal gov't personnel LEFT their agency's as they would not go along with the ideologically driven, arrogant & abusive power of the Bush administration. Even Republicans are disturbed by this administration's conduct, policies and arrogance.
Rated by buyers -
Petrodollar Warfare is the best endeavor at explaining the recent free fall of the U.S. Dollar and giving another reason to why we hold onto this failed war in Iraq.
Rated by buyers -
hands down one of the best books i have read. It gives a very interesting perpective on what is going on in iraq and the dollar. Its amazing how the media doesnt talk about issues like the ones in this book but would rather focus on what britney spears is wearing today. highly recomend this book to anyone who is concerned with thefuture of the dollar as we are seeing some of the effects of the war on dollar and seeing its prestige diminish.
Rated by buyers -
This is a very good book for the very first 5 chapters. It basically claims that the invasion of Iraq was instigated by the need of the Bush Administration to maintain the value of the US dollar by controlling the continuing international trade of oil in dollars.
Please note that the views that the author gives are little more than the summary of the work of other authors, which the author of the book freely admits. Also the views in the book are not independently verified anywhere else. So the very first 5 chapters, although presenting a very plausible reason for the invasion of Iraq is largely a re-hash of previous authors work without proof of their position.
A good point about the book is that has many references so it is a good base for additional research.
The disappointment in the book is the last two chapters, which are a rambling view of why the US is headed down the wrong track in terms of monetary, foreign, energy, etc. policies. Some of the conclusions are interesting, while others are overly simplistic and naive.
All in all an interesting read for the very first 160 pages.
Find other books like this one:
