Geopolitics

GEO-POLITICAL ENVIRONMENT

GEOPOLITICS OF OIL ALL OVER THE WORLD

SUBMITTED TO

Dr. Krishnendra Meena

SUBMITTED BY

M.U.N. Kartheek

1226114122

MBA 1st trimester(IB)

INTRODUCTION:

Oil is the world’s most important commodity. Without oil, today’s industrial society would simply be impossible. Oil and natural gas are the fuel for the engine of modern capitalism, with Organization for Economic Cooperation and Development (OECD) nations accounting for two-thirds of all oil consumed in the world.1

Oil and gas are not only the source of 62 percent of the energy used in the world, they are integrated into the production of many goods and products that we take for granted.2 But just as important, every tank, every airplane from the B-52 to the stealth bomber every cruise missile, and most war ships in the U.S. or any other nation’s military arsenal, rely on oil to wage their terror. In fact, the U.S. Department of Defence is the consumer of over 80 percent of all the energy used by the U.S. government.

Overall, oil and gas make up 65 to 70 percent of all the energy consumed by the three largest economies in the world the U.S., Japan, and the European Union. And many of the industrializing countries of the Third World, such as South Korea, China, Brazil, and Mexico, have seen their oil and gas consumption skyrocket.

REVIEW OF LITERATURE

If you want to rule the world you need to control the oil. All the oil. Anywhere.

-Michel Collon

World War: Blood and oil

The importance of oil to modern industrial society grew rapidly with the proliferation of automobiles in the early 1900s. But the turning point for oil’s importance was the First World War. By switching the British navy from coal to oil, British Secretary of the Navy Winston Churchill gave Britain and its allies a crucial advantage over their enemies. After the Allied victory, British foreign secretary Lord Curzon stated, “The Allies floated to victory on a wave of oil.”4

After the...