Energy Security, Politics, Markets, Peace

Abstract

Oil Company, CNOOC, to acquire an American oil company, UNOCAL, was blocked by the U.S. Congress due to strategic security concerns. This affair “offered the first window into the global fear of resource scarcity and the new geopolitics of energy that will likely accompany it” (p. 6). A new international energy order is dividing countries between energy surplus countries and energy deficit countries. (p. 14) Klare subsequently mentions how around the world, National Energy Companies of energy surplus countries, as opposed to Multinational companies, have gained strength in recent years. And this has caused a rise in “resource nationalism/ neo-mercantilism” (p. 23)